Metaplanet's Bitcoin Acquisition: Metaplanet Inc. has purchased 103 Bitcoin for $11.6 million, increasing its total holdings to 18,991 BTC, positioning itself as one of the largest corporate holders of Bitcoin globally.
Funding Strategy: The acquisition was funded by issuing 4.9 million new shares, raising $1.65 billion to support this and other purchases, reflecting the company's commitment to leveraging capital markets for Bitcoin investments.
Market Response: Following the acquisition, Bitcoin's value remained stable around $112,000, with minimal fluctuations in Metaplanet's stock, indicating a steady market reaction to the purchase.
Strategic Shift: Led by CEO Simon Gerovich, Metaplanet is transitioning from hotel management to a focus on Bitcoin-centric treasury activities, highlighting a trend among public companies accumulating Bitcoin while potentially facing regulatory scrutiny.
