Metaplanet Reaches 10,000 BTC Target Amid $210M Bond Issuance

Japanese investment company Metaplanet announced on Monday that it had acquired $ 1,112 for about $ 117.2 million, thus reaching a total of 10,000 BTC aim for this year.

The announcement coincided with the approval of the Committee on the issue of $ 210 million EVO Fund, an investment company based in the Kajman Islands.

Bonds, which in December have no interest and mature, are part of the 18th series of common bond issues.

Revenue from the sale of bonds should be awarded to buy bitcoin, states in regulatory submission.

Metaplanet did not explain whether 1112 BTC had been acquired before or after received funds, although time suggests that two events were closely related.

Said executive director Simon Gerovich Ua publish Yes from Sunday “We keep $ 10,000 BTC, gained for ~ $ 947 million on ~ $ 94,697 per Bitcoin.” Bitcoin traded $ 105,831 on Monday, according to Coingecko.

Metaplanet, which in 2024 from a hotel and a technological company to a renewed rebranding, from a dedicated Bitcoin Treasury, committed to accumulate 210.000 BTCor about 1% of the total supply, by 2027.

In January he outlined plans to increase his share of 470% This year to achieve a 10,000 BTC tag, citing the use of the “capital market tool” to finance the strategy.

The company modeled its approach to Microstrateegy based in the US, positioning itself as a public trade proxy to expose Bitcoin in Asia.

In addition to his bond program, Metaplanet recently discovered plans to collect up to $ 5.3 billion by publishing 555 million new shares.

Despite the accumulation in Bitcoin Holdings, Metaplanet is among the shortest supplies in Japan. In May, analysts at 10x Research said the company assessment implied a BTC price in excess of $ 596,000, over five times current levels.

“Allegedly Metaplanet is the shortest stock in Japan,” Gerovich wrote In the post of May 21 on X. “Do they really think that betting against Bitcoin is a winning strategy?”

Edited Sebastian Sinclair