Significant Bitcoin Accumulation
Metaplanet (3350) has achieved a noteworthy milestone by accumulating a total of 2,100 Bitcoin (BTC). This impressive figure accounts for 0.01% of the entire Bitcoin supply, which is capped at 21 million BTC. Recently, the company made headlines by purchasing an additional 68.59 BTC for a staggering $6.6 million, resulting in an average purchase price of approximately $96,335 per Bitcoin.
Successful Fundraising Initiatives
In conjunction with its Bitcoin acquisitions, Metaplanet has successfully raised $20 million in equity capital within just the first two trading days of its ambitious “21 million plan.” This fundraising effort highlights the company’s strategic approach to enhancing its cryptocurrency portfolio and demonstrates strong investor interest.
Upcoming Stock Split Announcement
On February 18, Metaplanet revealed plans to execute a 10-for-1 stock split scheduled for April 1. This decision comes merely eight months after the company conducted a 1-for-10 reverse stock split, showcasing its evolving market strategy and adaptability within the financial landscape.
Current Market Performance
As a testament to investor confidence, Metaplanet’s shares have seen an upward trend, increasing by over 1% in the current market. The shares are currently trading at 6,260 JPY, reflecting a positive response to the company’s recent activities and announcements.
In summary, Metaplanet’s aggressive acquisition of Bitcoin, successful fundraising efforts, and strategic stock split demonstrate its commitment to growth and innovation in the evolving cryptocurrency market.
