Business

Metaplanet Buys $6.6 Million Worth Of Bitcoin

Metaplanet recently acquired 68.59 BTC for $6.6 million at an average price of $96,335 per BTC, with a goal of reaching 10,000 BTC this year.

Haider Jamal
February 20, 2025

Capital Raising & Stock Split
Metaplanet raised $20 million in the first two days of its “21 Million Plan.” It also announced a 10-for-1 stock split, effective April 1, following a 1-for-10 reverse split eight months ago to improve stock affordability.
CEO Simon Gerovich invested $6.6 million to buy more BTC for the company, highlighting Metaplanet’s commitment to Bitcoin for its transparency and stability. The company now holds the largest share (6.27%) in the CoinShares Blockchain Global Equity Index.

Market Expansion
Metaplanet used its stock acquisition rights to issue 500,000 new shares, raising funds for Bitcoin purchases and growth. It still has 37,000 rights left.
Trading at 6,260 JPY, Metaplanet continues to thrive with its Bitcoin strategy, attracting investor attention as institutional interest in Bitcoin rises.

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Haider Jamal

Content Strategist

Haider is a fintech enthusiast and Content Strategist at CryptoWeekly with over four years in the Crypto & Blockchain industry. He began his writing journey with a blog after graduating from Monash University Malaysia. Passionate about storytelling and content creation, he blends creativity with insight. Haider is driven to grow professionally while always seeking the next big idea.