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Metaplanet Goes All-In: Adds 555 Bitcoin to Treasury, Eyes Debt-Fueled Crypto Shopping Spree
Metaplanet Goes All-In: Adds 555 Bitcoin to Treasury, Eyes Debt-Fueled Crypto Shopping Spree
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Tokyo-listed Metaplanet just dropped another 19.6 BTC into its corporate war chest—bringing its total stash to 141.07 BTC worth ~$8 million at current prices. The move follows their May 2024 announcement to adopt Bitcoin as a reserve asset, joining the ranks of crypto-forward corporations.
Now they’re taking it further: planning to issue debt specifically to buy more Bitcoin. Because nothing says ’prudent fiscal strategy’ like levering up to chase crypto volatility—Wall Street analysts are already sharpening their ’I told you so’ knives for the next bear market.
With this purchase, Metaplanet joins MicroStrategy in the public company Bitcoin arms race. Will balance sheets become the next battleground for crypto maximalists?
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