The shares of the Japanese investment company metaplanet rose to the opening of the market after announcing its plan to raise $ 5.4 billion to buy bitcoin last week.
Metaplanet (3350t) increased by more than 12 % in the trading session on June 9, where it was traded at 1550 yen ($ 10.42), According to To Google Finance. However, at its peak in the trading session so far, the Metaplanet shares have reached levels above 1641 yen ($ 11.36), which represents an increase of 22 %.
Metaplanet has updated Bitcoin (BTC) to obtain 210,000 BTC by the end of 2027 in the announcement of the shareholder rights program on June 6, which increased its previous goal of 21000 BTC.
If it succeeds, the acquisition will make metaplanet the second largest bitcoin carrying among public companies, behind Michael Silor, the strategy, According to To Bitbo data.
Metaplanet plan “555 million”
Metaplanet 8,888 Bitcoin owns after announcing the acquisition of 1,088 BTC on June 2.
As part of its new 555 million plan, the company will need to buy 201112 by 2027, at a cost of more than $ 21 billion. By 2026, Metaplanet has made plans to hold 100,000 Bitcoin.
Previously, under its 21 million plan, Metaplanet will carry 21000 bitcoin by the end of 2026, with no concrete plan for more purchases.
Metaplanet announced for the first time 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 share price increased by more than 1744 %.
The strategy leads the road
An increasing number of companies decided to add Bitcoin to their public budgets, as Kave Wave Media became one of the latest companies on June 4.
Capital bonds in Bitcoin combined have more than three million in Bitcoin, at a value of more than 342 billion dollars, According to To Bitbo data, of more than 19 million currently circulating.
The Bitcoin reserve strategy has led to 61 companies publicly listed now retaining 3.2 % of all Bitcoin that will be present at all, a report from Standard Charged was found on June 3.
Mixed results for the share after bitcoin purchases
Other companies have also witnessed an increase in stock prices after announcing Bitcoin purchases. The Crypto Company Blockchain group in Paris started buying Bitcoin on November 5, and its shares rose by 225 % to 0.48 euros ($ 0.52).
Meanwhile, stocks at the Indonesian Digiasia Corp company doubled, and increased by approximately 91 %, after the company said it was planning to raise $ 100 million for the first seed of many Bitcoin purchases.
Related to: He will not buy Meta Bitcoin because the shareholders fall the idea of the cabinet
However, not everything tested height. On May 28, Crypto Norwegian K32 announced its intention to buy and retain cryptocurrencies, but its share price is flat, a decrease of 1.96 %.
Gamestop shares of video game shares jumped nearly 12 % on March 26 after the company announced plans to buy Bitcoin. However, 11 % decreased on May 11 after the retail seller made her first purchase of 4,710 Bitcoin.
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