Shares of Japanese investment company Metaplanet stressed the inauguration of the market after the announcement of its plan to raise $ 5.4 billion to buy bitcoins last week.
Stock (3350T) of Metaplanet shot more than 12% in the June 9 trading session, traded at 1,505 yen ($ 10.42), According For Google Finance. However, at its peak of the trading session, Metaplanet’s stock reached a high level of 1,641 yen ($ 11.36), which represents an increase of 22%.
Metaplanet updated his bitcoin (BTC) Acquisition plans are planned to acquire 210,000 BTC by the end of 2027, which is in the announcement of the Stock Acquisition Rights Program on 6 June, 21,000 BTC to increase its previous target,
If successful, the acquisition will make metaplandate the second largest holder of bitcoins among public companies. Michael Siler’s companystrategy, According For Bito data.
Metaplanet’s “555 million” scheme
Metaplanet holds 8,888 bitcoins after its latest 1,088 BTC Acquisition Declaration On 2 June.
As part of its new 555 million plan, the firm will need to purchase 201,112 by 2027 at a cost of more than $ 21 billion. By 2026, Metaplanet has identified a plan to place 100,000 bitcoins.
Earlier, under its 21 million plans, Metaplanet will conduct 21,000 bitcoins by the end of 2026, with no concrete plans for more purchases.
Metaplanet first Announced that it had bought bitcoin On July 22, 2024, and its shares rose 19% to 173 yen ($ 1.10). In the year since its first purchase, the stock costs more than 1,744%.
Leads the strategy
The increasing number of companies is Decided to add bitcoin For their balance sheet with the wave media of the South Korean entertainment company, Became one of the latest On 4 June.
Corporate bitcoin tragedy collectively is more than three million in bitcoin, priced at $ 342 billion, According For Bito data, currently over 19 million in circulation.
The tendency of Bitcoin Reserve Strategy has now conducted a joint 3.2% of all bitcoins to 61 publicly listed firms which will ever be present, A June 3 report received from Standard Chartered,
Mixed results for stock after purchasing bitcoin
Other companies have also seen an increase in their stock prices after the announcement of plans to purchase bitcoins. The Paris -based Crypto Company Blockchain Group started buying bitcoins on 5 November, and its Stock from 225% to 0.48 euros ($ 0.52).
Meanwhile, Indonesian Fintech firm shares in Digiasia Corp Almost double, 91% increasedThe company said that it buys many bitcoins, before it plans to raise $ 100 million for seeds.
Connected: Meta will not buy bitcoin because shareholders returned Treasury Idea
However, not all have experienced spikes. Norwegian crypto brokerage firm K33 announced on 28 May The intended to buy and catch cryptocurrencyBut the price of its stock was traded by 1.96%.
Video game retailer About 12% jumped into gamestop shares On 26 March, the company announced a plan to buy bitcoins. However, this 11% dropped on 11 May After the retailer, he made his first purchase of 4,710 bitcoins.
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