metaplanet I got 1,009 Bitcoin (BTC) For nearly 112 million dollars, as the total biases of the Japanese company increased to 20,000 BTC, amid the shareholders ’approval of an ambitious plan to add $ 2.8 billion from Bitcoin to its treasury until 2027.
The company listed in Tokyo announced the purchase On September 1The price of an average of 16.3 million yen (110,720 dollars) for per bitcoin. The capital expansion strategy was voted during the extraordinary general meeting of Metilantan.
The acquisition is paid the value of the Metaplanet Treasury to more than $ 2.1 billion, which enhances its position as the largest bitcoin holder in Asia. In addition, it makes the company The sixth largest BTC holder in the worldExceeding Riot control platforms.
EGM agrees to a billion dollars strategy
During the shareholders meeting, CEO Simon Jerovich The company’s plan to obtain 210,000 BTC has made clear by 2027, which represents about 1 % of the total bitcoin supply.
The strategy includes issuing up to 555 million preferred shares, which may collect 555 billion yen ($ 3.8 billion), especially for bitcoin.
Eric Trump The meeting was attended as a strategic consultant to Metaplanet, and participated in Fireside conversation with GEROVICH. Trump praised the leadership of the CEO, saying that Girovic represents “one of the most honest people I have ever met in my life” and they call a mixture of strong leadership and bitcoin “a winning mix.”
Then Jerovic asked more than 3000 of those present if they would agree to amend the articles of the company to enable the favorite shares of the shares, which they agreed to.
Two categories of stocks
The approved favorite stock plan includes two categories of permanent stock offers. The AD shares will provide 5 % returns, designed to compete with traditional fixed income products.
Meanwhile, category B shares carry higher risks but include conversion options to regular stocks.
Girovic highlighted the unique center of Japan for financing supported by Bitcoin, noting that the lowest interest rates in the country between the G7 countries represent the “hidden superpower”.
Favorite stocks are crowned with 25 % of the value of the company’s bitcoin assets.
The acquisition at a time when metaplanet reported the profits of the second quarter of 11.1 billion yen (75.1 million dollars), which represents an increase of 41 % over a quarter.
Bitcoin’s income generation work for the company, in the first place by selling PUT options, 1.9 billion yen (12.9 million dollars) contributed to sales revenue during the quarter.
Metaplanet was recently upgraded to the mid-cloud condition in the FTSE Russell review in September, and I got inserted into both FTSE Japan and FTSE All-World Index.
The plan for It reaches 210,000 BTC in her wardrobe Metaplanet will put alongside Strategy In the list of companies with at least 1 % of bitcoin supply.
