The shares of the Japanese investment company Metaplanet increased when the market is opened after announcing its collection plan of $ 5.4 billion to buy Bitcoin last week.
Metaplanet’s shares (3350T) increased by more than 12% during the negotiation session on June 9, trading at 1,505 yen ($ 10.42), according to to Google Finance. However, at its peak of the negotiation session so far, Metaplanet’s actions have reached summits of 1,641 yen ($ 11.36), which represents an increase of 22%.
Metaplanet has updated his bitcoin (BTC) Acquisition plans to acquire 210,000 BTC by the end of 2027 in an announcement of the acquisition rights of June 6, Increase your previous 21,000 BTC objective.
In the event of success, the acquisition would make Metaplanet the second holder of Bitcoin among public companies, behind Company by Michael SaylorStrategy, according to to Bitbo data.
Metaplanet’s “5555 million” plan
Metaplanet holds 8,888 bitcoin after his last Acquisition ad from 1,088 BTC June 2.
As part of its new plan of 555 million, the company will have to buy 201 112 by 2027, at the cost of more than $ 21 billion. By 2026, Metaplanet reported plans to hold 100,000 bitcoin.
Previously, as part of its 21 million plan, Metaplanet would hold 21,000 bitcoin by the end of 2026, without concrete plan for more purchases.
Metaplanet first announced that he had bought bitcoin On July 22, 2024, and its shares increased by 19% to 173 yen ($ 1.10). During the year which followed its first purchase, the share price increased by more than 1,744%.
The strategy opens the way
An increasing number of companies have decided to add the bitcoin on their balance sheets, with the South Korean Entertainment Company K Wave Media become one of the last June 4.
Bitcoin vouchers collectively hold more than three million bitcoins, worth more than $ 342 billion, according to to Bitbo data, out of more than 19 million currently in circulation.
The trend of the Bitcoin reserve strategy has led to 61 companies listed on the stock market publicly now holding 3.2% of all bitcoins that will ever exist, a June 3 report of Standard Charterd Found.
Mixed results for stock after Bitcoin purchases
Other companies have also seen their increase in stock prices after announcing their Bitcoin purchase plans. Blockchain Group, crypto company based in Paris, began to buy bitcoin on November 5 and its The stock increased by 225% to 0.48 euros ($ 0.52).
Meanwhile, the shares of Indonesian Society Fintech Digiasia Corp almost doubled, increasing by 91%After the company said it was planning to raise $ 100 million to sow its first Bitcoin purchases.
In relation: Meta will not buy Bitcoin while the shareholders overthrow the idea of the treasure
However, not all have known the peak. The Norwegian crypto brokerage company K33 announced on May 28 intention to buy and maintain cryptocurrencyBut its share price exchanged flat, down 1.96%.
Video game retailer Gamesop shares jumped almost 12% On March 26, after the company announced its intention to buy Bitcoin. However, it is dropped 11% on May 11 After the retailer made his first purchase of 4,710 bitcoin.
Review: Rise of microstrategy clones, Asia dominates the adoption of crypto: Asia Express 2024 Review
