Metaplanet Inc. has updated its ambitious Bitcoin accumulation goals, increasing the target to 210,000 BTC by 2027, while announcing new financing initiatives.
Share Issuance Strategy
Metaplanet Inc., listed on the Tokyo Stock Exchange, has released notice of its plans to increase the total number of authorized shares from 1.61 billion to 2.723 billion. This decision was made at the Extraordinary General Meeting (EGM), which will allow for more flexible financing. Additionally, a shelf registration for Class A and B Perpetual Preferred Shares was issued for up to ¥277.5 billion, totaling ¥555 billion.
Bitcoin Acquisition Strategy
In early June, Metaplanet Inc. announced plans to acquire 210,000 BTC by 2027, a significant upgrade from its previous goal of 10,000 BTC by the end of 2025. This is part of the broader '555 million plan,' aligning with the current goal of raising ¥555 billion in preferred stock.
Company Market and Capitalization
As of mid-July, the company achieved a 430.2% Bitcoin yield, resulting in a market capitalization increase of over 190% year-to-date. On BitcoinTreasuries, it ranks 7th with 17,132 bitcoins, equivalent to $197 billion.
The new initiatives by Metaplanet Inc. signal significant plans for Bitcoin accumulation and flexible financing, potentially ensuring further growth and market capitalization increase.
