- The 13,350 BTC stock of Metaplanet has surpassed Coinbase, Tesla and Galaxy
- The company is more than 50% away from the goal of 2025 of 30k BTC
Metaplanet is now one of the top five global Bitcoin Treasury companies after the last BTC purchase of $ 108.1 million.
On June 30, the company announced That it has added an extra 1,005 BTC ($ 108.1 million), which increased the total interest to 13,350 BTC.
In addition, the 9,267 BTC from Coinbase, Tesla’s 11,509 BTC and Cleansparks 12.502 BTC. It also effectively reversed the 12,830 BTC from Galaxy from the fifth position in the ranking of the BTC treasuries.
Source: Bitcoin Treasuries
Raised more than $ 200 million for more BTC purchases
In June alone, Metaplanet made five purchases, with an average of 1,000 BTC in every purchase. In short, it just bought more than 5k BTC in June.
Source: Metaplanet
And yet the current stock of 13,350 BTC is still almost 50% away from the goal of 2025 30k BTC. In short, Metaplanet Holdings has a shortage of more than 16k BTC to be filled in H2.
As part of its ambitious target, the company, on 30 June too unveiled Another bond sales worth 30 billion Japanese yen (JPY) or around $ 208 million. The funds will be used to erase an earlier debt (around $ 10 million or 1.5 billion JPY) and the rest for the BTC buying program, according to the statement.
“Funds collected by the issue of the new bonds will be partially assigned to the return and cancellation, where the rest is used for the purchase of Bitcoin.”
The last purchase not only flipped Tesla and Galaxy, it also pumped the stock of metaplanet by 10% on 30 June.
Source: Metaplanet Stock Performance, TradingView
In the first half of June, Metaplanet (MTPLF) rose by more than 80% from $ 7.19 to $ 13.30.
Shortly thereafter it withdrew and stabilized on a weekend gap (white) near $ 10. At the time of the press, Metaplanet traded at $ 11.4, with the monthly returns in June 45%. On the contrary, Bitcoin has gathered by around 3% in the same period.