The Japanese metaplanet only has to tolerate four companies when it comes to the largest Bitcoin stock in the world. This morning the company announced that it had bought 108 million dollars from Bitcoin last week. For that money it could purchase 1,005 BTC.
With that purchase, Metaplanet comes to a total of 13,350 BTC, which bought it for 1.31 billion dollars at an average rate of $ 97,832. At the current market prices, the Treasury of Metaplanet is worth $ 1.45 billion.
This means that there is already a considerable profit for the Japanese metaplanet. Yet of course they also take great risks, because the Bitcoin in question were mainly purchased with loans.
With the 13,350 BTC that Metaplanet now owns, they are over CleanSpark. The miner has 12,502 BTC. Furthermore, it is also larger than Tesla, Hut 8, Coinbase and Block.
Strategy, Marathon Digital, Twenty One Capital and Riot platforms are still above Metaplanet. In that respect there is still work to be done for the Japanese Bitcoin company.
$ 208 million in bonds for even more bitcoin
The last purchase of Metaplanet comes after the company also announced a bond round to buy even more Bitcoin. In total, it raised 30 billion yen ($ 208 million). The bonds in question bear an interest rate of 0%.
With this bond round, the company buys an earlier bond round. This is a small one of 1.75 billion yen (12 million dollars), which was interested in 0.36% per year.
It seems that Metaplanet has succeeded in reducing its effective interest rate. Bonds on which they have to pay an interest rate of 0% have replaced bonds that wore an interest rate of 0.36%.
The share of Metaplanet can appreciate the actions, and today is 9.06% higher in Japan.
Source: https://newsbit.nl/metaplanet-koopt-108-miljoen-aan-bitcoin-en-haalt-cleanspark-in/
