Metaplanet’s Bitcoin Holdings Reach 0.01% of Total Supply

Metaplanet (3350) has now accumulated 2,100 bitcoin (BTC), holding 0.01% of the total BTC supply that will ever be mined, which is 21 million BTC. Metaplanet purchased 68.59 BTC for $6.6 million at an average purchase price of $96,335 per bitcoin.

Equity Capital Raising and Stock Split Announcement

According to Dylan Le Clair, Metaplanet has raised $20 million in equity capital in the first two trading days of its “21 million plan”. Metaplanet also announced on Feb. 18 that they will execute a 10-1 stock split on April 1. This comes just eight months after a reverse 1-for-10 reverse split.

Current Market Performance

Metaplanet shares are up over 1% in the current market trading; shares are trading at 6,260 JPY.

Additional Information

• Metaplanet’s total BTC holdings now account for 0.01% of the total BTC supply.
• The company purchased 68.59 BTC for $6.6 million at an average purchase price of $96,335 per bitcoin.
• Metaplanet has raised $20 million in equity capital in the first two trading days of its “21 million plan”.
• The company will execute a 10-1 stock split on April 1, following a reverse 1-for-10 reverse split just eight months prior.

FAQs

• What is Metaplanet’s current BTC holding? 2,100 BTC, which accounts for 0.01% of the total BTC supply.
• How much did Metaplanet pay for its BTC holdings? $6.6 million at an average purchase price of $96,335 per bitcoin.
• How much equity capital has Metaplanet raised? $20 million in the first two trading days of its “21 million plan”.
• What is Metaplanet’s plan for its stock? The company will execute a 10-1 stock split on April 1, following a reverse 1-for-10 reverse split just eight months prior.

Conclusion

In conclusion, Metaplanet’s significant accumulation of 2,100 BTC and its equity capital raising efforts demonstrate its commitment to the cryptocurrency market. The company’s plan to execute a 10-1 stock split on April 1 is a significant development, which may impact its stock price and overall performance. As the cryptocurrency market continues to evolve, it will be important to monitor Metaplanet’s progress and developments in the industry.