Metaplanet don reach 13,350 BTC, dem dey number 5 for biggest holder dem
Metaplanet dem Bitcoin treasury don jump from 3,350 BTC go 13,350 BTC for just three months, beat Tesla plus Coinbase to become di world number five biggest corporate Bitcoin holder. To raise more money for accumulation, di company plan to raise up to ¥770 billion through their “555 Million Plan” moving-strike warrants and don also issue ¥30 billion zero-coupon bonds. Benchmark analyst Mark Palmer start coverage with buy rating and ¥2,400 price target—meaning more than 50% upside—while Metaplanet stock don soar 7,742% since dem change from hotel operator, dey trade for 5.1× premium to NAV. Di aggressive strategy give 129.4% BTC yield for Q2 and 348.8% year-to-date, show say di company get strong belief for Bitcoin long-term value.
Bullish
Metaplanet rapid gather of 13,350 BTC plus dem ongoing fundraising through warrants plus zero-coupon bonds show say corporate demand still dey tight, wey dey make available supply schort and fit make price rally for short time. Di strong yields wey dem achieve plus positive rating from analyst with 50% upside target still dey boost market confidence. For long term, big-scale treasury show by public company show say institutions trust Bitcoin as store-of-value, wey support better market outlook.