Metaplanet plans to increase its Bitcoin reserve to 21,000 BTC by 2026
Japanese firm Metaplanet targets 21,000 BTC by 2026 with record capital raise.
Japanese firm Metaplanet announced its largest-ever capital raise in Asian equity markets, targeting 116 billion yen ($745 million) to buy more Bitcoin.
The move supports its strategy to counter the yen’s declining value and establish itself as a global leader in Bitcoin adoption, reports Cointelegraph.
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Key Takeaways
- Massive Fundraising Effort: Metaplanet issued 21 million shares to raise $745 million for Bitcoin acquisitions, marking the largest Asian capital raise for Bitcoin purchases.
- Ambitious Goals: The company aims to accumulate 10,000 BTC by Q4 2025 and 21,000 BTC by 2026, worth over $2.1 billion at current prices.
- Exponential Growth: Metaplanet’s 2024 milestones include a 309% BTC yield in Q4 and a 430x increase in share trading volume year-over-year.
- Strategic Positioning: CEO Simon Gerovich stated the company’s goal is to lead Japan’s Bitcoin adoption and become one of the largest corporate BTC holders globally.
Metaplanet’s Bitcoin-focused strategy
Metaplanet’s latest fundraising initiative is part of its broader vision to adopt a Bitcoin standard and position itself as a leader in cryptocurrency adoption. The company’s decision to raise $745 million will help it achieve its target of holding 21,000 BTC by 2026.
Metaplanet BTC target. Source: metaplanet.jp
Since purchasing its first Bitcoin in April 2024, Metaplanet has made BTC a core treasury asset, experiencing significant growth and unrealized gains.
Exponential growth and market recognition
Metaplanet’s BTC investments have fueled remarkable growth, including a 309% Bitcoin yield in Q4 2024 and a 430x increase in share trading volume. The company has also grown its shareholder base to over 50,000, further solidifying its market presence.
CEO Simon Gerovich emphasized that the firm’s commitment to Bitcoin positions it as “Tokyo’s preeminent Bitcoin company” and a leader in the global corporate Bitcoin ecosystem.
Recently we wrote, that Jim Cramer, the outspoken former hedge fund manager and host of CNBC’s Mad Money, advised viewers to include Bitcoin (BTC) in their portfolios but avoid its largest corporate holder, MicroStrategy.
