MicroStrategy and Metaplanet Seek to Acquire Billions in Bitcoin as BTC Approaches $100K
Crypto/Finance

MicroStrategy and Metaplanet Seek to Acquire Billions in Bitcoin as BTC Approaches $100K

The two firms plan to invest $3 billion into bitcoin this year, with MicroStrategy planning for purchases in early 2025.

Summary:

Both MicroStrategy and Metaplanet are set to bolster their bitcoin holdings significantly.

Key Points:

  • MicroStrategy aims to raise up to $2 billion through preferred stock offerings to enhance its bitcoin purchases early next year.
  • Metaplanet, based in Japan, is looking to acquire 10,000 BTC (approximately $1 billion based on current valuation).
  • Co-founder Michael Saylor teased that further bitcoin purchases could be announced imminently.

Detailed Insights:

  • MicroStrategy intends to execute its acquisition plans in Q1 2025 as part of its 21/21 Plan, aiming for a total equity raise of $21 billion.
  • Similarly, Metaplanet emphasizes leveraging capital market tools for its acquisitions and advancing bitcoin adoption both nationally and globally.

Quote by Simon Gerovich: "In 2025, we aim to expand our Bitcoin holdings to 10,000 BTC by utilizing the most accretive capital market tools available to us." *Translation: "Em 2025, pretendemos expandir nossas reservas de Bitcoin para 10.000 BTC utilizando as ferramentas do mercado de capitais mais eficazes disponíveis para nós."

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