Metaplanet, led by CEO Simon Gerovich, plans to accumulate 210,000 Bitcoin by 2027 using various financial tools.
Background and Strategy
Since transforming from a traditional investment firm to a Bitcoin-focused specialist in late 2024, Metaplanet has set an ambitious target to significantly increase its Bitcoin holdings. Initiatives include issuing perpetual preferred shares and new equity.
Funding and Expected Returns
To achieve this goal, Metaplanet has registered to raise $3.6 billion through preferred stock. Returns are projected at up to 6% in annual dividends. All proceeds are exclusively reserved for Bitcoin purchases.
Investor Confidence and Market Implications
Investor meetings have confirmed broad support for this strategy. Trading volumes have surged, indicating increased confidence in the Bitcoin accumulation plan. Gerovich emphasized, "You’re able to sell new shares and that dilution is small compared to the amount of Bitcoin you can purchase... we've increased Bitcoin per share by 190%." This approach mirrors earlier strategies by companies like MicroStrategy but on a larger scale, particularly within Japan's corporate landscape.
Metaplanet's strategy could have a significant impact on the Bitcoin market given its scale and planned investments, though regulatory approvals remain a key consideration.
