Metaplanet Buy $630M Bitcoin, Boost Holdings Reach 30,823 BTC

Di Japanese crypto company wey dem call Metaplanet don buy over 5,400 BTC for around $630 million, so their total Bitcoin wey dem hold reach 30,823 BTC, making dem the fourth biggest corporate holder after MicroStrategy, Marathon Digital and 21Shares. Di company buy these coins at average price close to $117,000 and dem don increase dia year-end target from 10,000 to 30,000 BTC. To get more money for Bitcoin, Metaplanet raise $837 million through international share offering and dem plan to put out 385 million new shares to get extra $1.4 billion. Dem also start Metaplanet Income Corp., one subsidiary wey based for Miami with $15 million capital, wey dey focus on making Bitcoin income and derivatives trading. Di firm talk say Q3 revenue na ¥243.8 billion ($16.5 million), up 115.7% quarter-on-quarter, and dem raise di FY2025 revenue forecast to ¥6.8 billion. Even though Bitcoin price drop to about $112,000 and long position liquidations pass $1 billion, Metaplanet shares wey dey listed for Tokyo drop 10.3%, but di MTPLF wey dey trade OTC rise 8.9%, showing say investors still get strong interest for corporate Bitcoin plans.