The Metaplanet shares of the Japanese investment company shot at the opening of the market after announcing their plan to raise $ 5.4 billion to buy Bitcoin last week.
Metaplenet shares (3350t) fired approximately 12% in the negotiation session of June 9, which is quoted at 1,505 yen ($ 10.42), according to Google Finance. However, in its peak of the negotiation session until now, the Metaplanet shares reached maximum of 1,641 yen ($ 11.36), which represents a 22%increase.
Metaplanet updated his Bitcoin (BTC) acquisition plans to acquire 210,000 BTC by the end of 2027 in an announcement of the Program for the Acquisition of Actions of June 6, increasing its previous objective of 21000 BTC.
If it succeeds, the acquisition would make Metaplenet the second largest owner or bitcoin among public companies, behind the company, Michael Saylor strategy, according to Bitbo data.
Metaplenet “555 million” plan
Metaplenet has 8,888 bitcoin after it is the last acquisition announcement of 1,088 BTC on June 2.
As part of its new 555 million plan, the company will need to buy 201.112 by 2027, at a cost or more than $ 21 billion. By 2026, Metaplenet has marked plans to maintain 100,000 bitcoin.
Previously, under its 21 million plan, Metaplenet would contain 21,000 bitcoin by the end of 2026, without a specific plan for more purchases.
Metaplenet announced for the first time that Bitcoin had bought on July 22, 2024, and its shares increased by 19% to 173 yen ($ 1.10). In the year since its first purchase, the price of shares has increased by more than 1,744%.
The strategy leads the way
A growing number of companies has decided to add Bitcoin to their balances, with the entertainment company of South Korea, K Wave Media, becoming one of the last on June 4.
Corporate Bitcoin Treasury bonds collectively have about three million in Bitcoin, with a value of more than $ 342 billion, according to Bitbo data, of more than 19 million currently in circulation.
The tendency of the Bitcoin reserve strategy has led 61 companies that quote on the stock market now that they have a combined 3.2% of all bitcoin that will once exist, a June 3 report by Standard Chartered found.
Mixed results for stock after Bitcoin buys
Other companies have also seen the prices of their shares increase after announcing their Bitcoin purchase plans. Crypto Blockchain Group Crypto company, based in Paris, began buying Bitcoin on November 5, and its shares increased 225% to 0.48 euros ($ 0.52).
Meanwhile, the actions of the Indonesian firm Digiasia Corp almost doubled, increasing 91%, after the company said it plans to raise $ 100 million to sow the first of many purchases of Bitcoin.
However, not everyone has experienced the beak. The Norwegian cryptography firm K33 announced on May 28 its intention to buy and maintain the cryptocurrency, but the price of its action quoted in a plane, 1.96%.
The Gamestop Shares video game retailer increased almost 12% on March 26 after the company announced plans to buy Bitcoin. However, it fell 11% on May 11 after the retailer made his first purchase or 4,710 bitcoin.
