๐Ÿš€Metaplanet Inc., the Japanese investment firm, is going all-in on Bitcoin!๐Ÿ’ฐ The company announced plans to purchase $6.26 million worth of BTC using capital from a bond issuance. This news sent Metaplanet's stock price soaring by 12%!๐Ÿ“ˆ

The Tokyo Stock Exchange-listed company is no stranger to Bitcoin. They've been steadily increasing their BTC holdings, with recent purchases on April 23, May 10, and June 11.๐Ÿ—“๏ธ With this new bond issuance, they're set to add nearly 100 more BTC to their portfolio.๐ŸŽ‰

But it's not just about buying Bitcoin. Metaplanet is also making smart moves to manage its BTC holdings. Long-term Bitcoin will be recorded at cost, avoiding end-of-term market value assessment taxation.๐Ÿ‘ Other BTC holdings will be evaluated at market value each quarter.๐Ÿ’ผ

The company's stock has seen a whopping 67% increase in value in the past month alone!๐Ÿ”ฅ Since their first BTC purchase just two months ago, the stock has surged fivefold. Clearly, Metaplanet's BTC strategy is paying off!๐Ÿ†

Metaplanet's average BTC purchase price is $65,365, slightly above the current BTC price of $61,300. But with Bitcoin's all-time high of over $73,000, there's still plenty of room for growth!๐ŸŒฑ Stay tuned for more updates on Metaplanet's Bitcoin journey!๐ŸŒ