Metaplanet Buy 463 BTC, Issue ¥555B Perpetual Shares
Metaplanet don acquire extra 463 BTC for $53.7 million, e take their total Bitcoin holdings reach 17,595 BTC at average cost of $101,422 per coin. Di Japan registered company don apply to issue ¥555 billion (≈$3.7 billion) perpetual preferred shares for two years to finance their aggressive Bitcoin accumulation plan as dem dey target 100,000 BTC treasury by 2027. CEO Simon Gerovich tok say di perpetual shares go boost shareholder long-term returns and increase Bitcoin per share. For Q2, Bitcoin-related revenue jump 42.4% year-on-year to ¥1.1 billion ($7.6 million), position Metaplanet as di seventh largest corporate Bitcoin holder globally. Traders suppose watch out for possible BTC liquidity effects and market reaction to this big capital raise.
Bullish
Metaplanet dey continue dey buy Bitcoin plus plan to issue ¥555 billion perpetual shares show say institution dem get strong demand and dey committed to long-term accumulation. This kind big capital raise dey support Bitcoin demand curve, e fit help price increase short term as traders go sabi say more buying pressure dey. Long term, the company 100,000 BTC target and di growth for Bitcoin-related revenue show say institutional adoption go last, e dey make market sentiment sweet and e dey support higher BTC value.