Japanese publicly traded company Metaplanet announces its plan to raise over 116 billion yen to expand its Bitcoin holdings.
Metaplanet's Bitcoin Purchase Scheme
On January 28, 2025, Metaplanet announced the issuance of 21 million shares through moving strike warrants, providing investors the option to purchase stocks at adjustable prices. Unlike typical warrants issued at a discount, Metaplanet's warrants set share prices at the full market value on the pricing date.
Company's Market Objectives
The company aims to acquire 21,000 Bitcoins by 2026. It reported a 308% BTC yield in Q4 2024 and has accumulated 1,761 Bitcoins since adopting MicroStrategy's model. Metaplanet plans to increase its holdings to 10,000 Bitcoins by the end of 2025.
Competing with Global Leaders
According to BitcoinTreasuries.net, Metaplanet ranks as the 15th-largest publicly traded Bitcoin investor. By acquiring 21,000 Bitcoins, it could surpass Riot Platforms as the third-largest corporate Bitcoin holder worldwide. Meanwhile, MicroStrategy remains the leader, holding 471,107 Bitcoins valued at $49.6 billion.
Metaplanet continues to pursue an aggressive cryptocurrency investment strategy, aiming to significantly boost its Bitcoin holdings within the Asian market.
