Metaplanet, widespread as Japan’s MicroStrategy, introduced its resolution to challenge its thirteenth Series of Ordinary Bonds, and lift a complete of $25 million for recent Bitcoin purchases. Through its EVO FUND, the corporate has been periodically issuing bonds by drawing a leaf from Michael Saylor’s Bitcoin playbook. The announcement led to a fast 12% surge within the inventory worth throughout at the moment’s buying and selling session, transferring nearer to 500 JPY.
Metaplanet Prepares for Massive Bitcoin Purchases
Via its unusual bonds, Japanese agency Metaplanet announced elevating $25 million at 0% earmarked for the acquisition of Bitcoin. Redemption of the bonds shall be funded via proceeds generated from the train of the fifteenth to seventeenth Series of Stock Acquisition Rights, reported the agency.
Furthermore, firm CEO Simon Gerovich introduced the corporate’s newest Bitcoin acquisition, revealing the acquisition of 555 BTC for roughly $53.4 million at a mean worth of $96,134 per coin.
This addition brings the agency’s complete Bitcoin holdings to five,555 BTC, acquired at a cumulative price of round $481.5 million, averaging $86,672 per Bitcoin. Since the start of 2025, Metaplanet has been on an aggressive BTC acquisition spree, transferring quick and near its goal of getting 10,000 BTC in treasury by the top of 2026.
Additionally, the agency is fast in its abroad enlargement, opening a Miami office final week. Today’s announcement of Bitcoin purchases has led to a 12% surge within the Metaplanet inventory worth, which is already up by 33% for the reason that starting of 2025.
BTC Eyes $100K Breakout
BTC worth is displaying power, transferring above $96,000 because the US and China agree to resume trade talks on Tuesday. Amid combined information and regulatory uncertainty, strong ETF inflows and sustained institutional shopping for proceed to offer sturdy help for Bitcoin.
As per information from Santiment, over the previous three weeks, Bitcoin ETF inflows have shot to $5.13 million as merchants brace for the upcoming FOMC assembly.
The BlackRock Bitcoin ETF (IBIT) has been main these inflows with 16 consecutive days of inflows. Speaking on the event, ETF Store president Nate Geraci mentioned:
“I remember when naysayers didn’t think spot bitcoin ETFs would take in $5bil *total* last yr. As in *all* spot bitcoin ETFs. IBIT alone has done this in a few weeks more than a yr after launch”.
BTC buyers are at the moment ready for a vital breakout from the $100K resistance, the place it will possibly kickstart a possible rally to recent all-time highs very quickly.
Bhushan Akolkar
Bhushan is a FinTech fanatic with a eager understanding of monetary markets. His curiosity in economics and finance has led him to concentrate on rising Blockchain expertise and cryptocurrency markets. He is dedicated to steady studying and stays motivated by sharing the information he acquires. In his free time, Bhushan enjoys studying thriller fiction novels and sometimes explores his culinary expertise.
Disclaimer: The introduced content material might embody the non-public opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any duty to your private monetary loss.
