BBX: Financing Toolization and Reserve Tiering—Metaplanet Approaches the 40,000 BTC Mark, BSTR Launches $500 Million Fundraising

BBX News: Yesterday, under the deep evolution of global institutional crypto allocation, listed companies demonstrated a significant trend of shifting from "purchasing with own cash" to "large-scale dedicated financing purchases": ——Asian reserves lead: Metaplanet (TSE: 3350) confirmed yesterday that it has purchased an additional 2,150 bitcoins. Through an efficient rights offering, its total holdings have reached 37,252 bitcoins, continuing to lead Asian corporate reserves, with a target of surpassing 50,000 in the first half of the year. ——Dedicated debt financing: Bitcoin Standard Treasury (NASDAQ: $BSTR) plans to issue $500 million in senior convertible notes, with all funds to be used for increasing its bitcoin holdings. As a specialized treasury management company, BSTR is leveraging the low-interest capital market environment to accelerate asset expansion. ——Treasury credit revolution: Cosmos Health (NASDAQ: $COSM) has signed a $300 million digital asset treasury management facility agreement. The company will use its crypto reserves as a cornerstone to support global business acquisitions through credit arrangements, achieving a financial closed loop of "asset-driven credit." ——SME defense: LQR House (NASDAQ: $LQR) announced the completion of a $1 million bitcoin purchase plan. It positions BTC as a long-term unrestricted cash reserve, demonstrating the consensus among small and medium-sized tech enterprises to regard bitcoin as a standardized component of treasury management. The market is showing a clear dual trend of "financing infrastructure" and "treasuries shifting from static reserves to dynamic leverage." Source: bbx.com