The Japanese Giant Opening to the USA Bought Bitcoin Loaded with Millions of Dollars in Exports! - Coin Bulletin

Tokyo-based investment firm Metaplanet announced that it has increased its total assets to 5.555 BTC by buying 555 BTC more and has issued a new bond worth 25 million dollars for additional Bitcoin purchases.

Metaplanet, frequently referred to as "Asia's Strategy" due to its continuous accumulation of Bitcoin, has purchased approximately 53.4 million dollars worth of additional Bitcoin. The Japanese investment firm announced in its latest statement on Wednesday that it bought about 555 BTC at an average price of 96,134 dollars per Bitcoin.

According to CEO Simon Gerovich's post on X, the company has 5,555 BTC acquired for an average price of 86,672 dollars, totaling 481.5 million dollars. Gerovich stated, "In Japanese, the number 5 is pronounced 'Go', so today we shout this: Go go go go — to the moon and beyond!"

Expansion to the US and new bond issuance

Metaplanet has continued to accumulate Bitcoin since announcing its crypto strategy in April 2024. The company aims to increase its assets to 10,000 BTC by the end of 2025 and reached half of this target last month.

At the same time today, it announced that it has issued a new series of bonds worth 25 million dollars for additional Bitcoin purchases. This is the 13th bond issuance by the company, conducted just one week after the 12th series, which raised the same amount.

In addition to its cryptocurrency targets, the Japanese company is also planning to expand to the U.S. Last week, it announced that the board of directors had made the decision to establish a wholly owned U.S. subsidiary in Florida, Miami. The company stated, "We aim to accelerate this strategy by establishing Metaplanet Treasury Corp. in Florida, recognized as a rapidly evolving hub for Bitcoin-focused companies and financial innovation, known for its business-friendly policies and rising status as a global center for capital and technology."

Metaplanet continues to be Asia's largest institutional Bitcoin holder and ranks 11th globally according to data from Bitcointreasuries.net. Michael Saylor's Strategy is at the top of the list with 555,450 BTC. Metaplanet's shares have risen by 13.3% so far on Wednesday while trading continues in the afternoon session in Japan.