Metaplanet has added more Bitcoin to his treasury and racet to its end at the end of the year and long -term, because his shares are under pressure from recent losses.
Summary
- Metaplanet adds 136 BTC worth $ 15 million, which increases its total interests to 20,136 BTC while pushing a goal of 30,000 BTC towards the end of the year.
- The share struggle of the company deepens, with shares today with 3.8%, almost 20% a week and more than 30% in the month.
- Asian bitcoin treasure box are expanding, with companies such as Sora Ventures and RemixPoint planning funds for long-term accumulation.
Metaplanet has announced the addition of 136 Bitcoin (BTC) to his treasury. According to the official revelation On 8 September the purchase was made at a total of $ 15.2 million, which cost around $ 111,666 per coin.
De Buy increases the total interest of the company to 20,136 BTC, now worth a little more than $ 2 billion at the current market prices, which extends the steady accumulation pattern since the running of hospitality management to a Bitcoin Treasury vehicle.
However, the last purchase is one of the smallest additions that Metaplanet has made in recent months, probably caused by the constant battle in the shares that have had to deal with heavy sales pressure in recent months.
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At the time of the press, market data Shows the shares of Metaplanet acts at ¥ 682, a decrease of 3.8% today. This extends a slide of almost 20% in the past week and leaves shares more than 30% lower compared to a month ago. This is a decrease of 63% from the highest point this year, which makes the earlier strong performance of the company sharp and the one of the worst performing Bitcoin Treasury companies in the industry is currently making,
The slump is probably powered by taking a profit, especially after the share has risen nearly 3,980% compared to the LOS points of 2024 earlier this year. Valuation problems also weigh on sentiment, because the Bitcoin interests of Metaplanet are worth $ 2.2 billion, well below the operating value of $ 5 billion.
A wider cooling feeling against Bitcoin Treasury companies has added further pressure, whereby other companies in the sector also see remarkable falls.
The shares of Metaplanet under performance of Metlanetlops now the end of the company of 30,000 BTC and the long -term vision on holding 100,000 BTC by 2026 and ultimately 210,000 BTC. To achieve its short -term objective, the company still has to acquire almost 9,864 BTC, which would cost more than $ 1 billion at current prices.
However, the company has pointed to a new financing plan as a solution. Metaplanet has recently obtained approval from the shareholders to issue 550 million new shares abroad to collect around $ 884 million for future Bitcoin purchases.
If it is completely subscribed, the increase would give the company the means that are necessary to gain Bitcoin steadily, which compensates for the impact of the weakness of the stock and the accumulation strategy keeps on the right track.
In the meantime, there is a wider trend in Asia while other companies outline their own Bitcoin treasury strategies. Remixpoint, a company located in Japan, has joined the push and is aimed at expanding its reserve to no less than 3,000 BTC.
Even bigger is Sora Ventures, a crypto-company established in Taiwan, which is planning to pick up $ 1 billion and to use in BTC within six months, possibly the first dedicated Bitcoin Treasury Fund of Asia.
