Japanese listed company Metaplanet has increased its position to buy Bitcoin, and is expected to hold 10,000 Bitcoins by the end of the year

Japanese listed company Metaplanet once again increased its holdings of Bitcoin, and its Bitcoin holdings have exceeded 2,200! The company plans to increase its Bitcoin reserves to 10,000 by the end of the year through additional shares, targeting Bitcoin holders, the largest company in Asia.

Metaplanet's Bitcoin strategy: issue additional stocks and buy large amounts of money

Metaplanet recently raised huge amounts of funds through the allocation of stock subscription rights to purchase Bitcoin and repay debts. It is expected to issue 21 million shares, which can raise about 126 billion yen (about 840 million US dollars), enough to buy nearly 10,000 Bitcoins.

The company recently spent 1.939 billion yen (about 12.9 million US dollars) to purchase 135 Bitcoins, bringing its total holdings to 2,235 BTC. The current Bitcoin investment yield is as high as 23.2%.

Metaplanet: Asia's "micro-strategy"?

Metaplanet's active Bitcoin investment strategy is similar to that of the US listed company MicroStrategy, demonstrating its long-term optimism for the cryptocurrency market. If Metaplanet achieves its goal of holding 10,000 bitcoins by the end of the year, it will surpass Coinbase and become Asia's largest enterprise-level bitcoin holder. The longer-term goal is to hold 21,000 bitcoins by the end of 2026.

Tax advantages and business transformation have helped stock prices soar.

Metaplanet benefits from tax advantages, and its price-to-book ratio (P/B ratio, share price/bitcoin value owned by each share) has reached 7.6. The company has achieved its first profit in six years and plans to rename its hotel "Bitcoin Hotel" to build a crypto community exchange center to further consolidate its layout in the crypto field. These factors together drive Metaplanet's stock price to soar 34 times in a year.

(Note: P/B ratio = Stock price/Bitcoin value owned by each share is an important indicator for evaluating Bitcoin reserve strategy companies.)

The above is the detailed content of Japanese listed company Metaplanet has increased its position to buy Bitcoin, and is expected to hold 10,000 Bitcoins by the end of the year. For more information, please follow other related articles on the PHP Chinese website!