Japan's Metaplanet Acquires Additional 162 Bitcoins… "Aiming for 10,000 by Year-End"

# Metaplanet Increases Bitcoin Holdings by 162 BTC Metaplanet, a Japanese investment firm, announced on October 12 through X (formerly Twitter) that it has acquired an additional 162 Bitcoins (BTC). # Total Bitcoin Holdings Rise to 3,050 BTC With this latest purchase, Metaplanet's total Bitcoin holdings have risen to 3,050 BTC. The average purchase price stands at ¥12,607,094 (approximately $123,000) per Bitcoin. The total value of Bitcoins currently held by the company amounts to ¥38.452 billion (approximately $377 million). # Significant Returns Recorded According to CoinPedia, Metaplanet recorded a return of approximately 309% from its Bitcoin purchases in the fourth quarter of last year and achieved around a 53% return through March of this year. The company aims to expand its Bitcoin holdings to 10,000 BTC by the end of this year. # Board Approves New Bond Issuance To facilitate its additional Bitcoin purchases, Metaplanet's board approved the issuance of its eighth series of common bonds. The firm plans to raise ¥2 billion (approximately $19.5 million) through a third-party allotment. These bonds will be issued as zero-coupon bonds and will mature on September 11. # Leveraging Japan's Low Interest Rates Metaplanet has been utilizing a borrowing strategy capitalizing on Japan’s low interest rates to fund its Bitcoin acquisitions. The company is now one of the largest Bitcoin holders in Asia. This article was prepared by O Suhwan, Block Media.