Metaplanet Inc. from Tokyo announced plans to increase its Bitcoin holdings by 470% by 2025 as government recognition of cryptocurrency looms.
Financial Management and Strategic Accumulation
Led by CEO Simon Gerovich, Metaplanet aims to utilize innovative capital market structures to support this growth. As of late December 2022, the company held 1,761.98 BTC, worth approximately 27.2 billion yen (US$173.6 million). The largest acquisition was made in December, amounting to 619.70 BTC, comprising about 35% of the current total holdings.
Restructuring Finances to Buy Bitcoin
In mid-2024, Metaplanet adjusted its share structure to comply with Tokyo Stock Exchange requirements, enhancing purchasing power. The company consolidated shares and issued new rights, doubling the shares to 36.27 million and raising 10 billion yen from 13,774 shareholders. In December, Bitcoin Treasury Operations became an official business line.
Securities Context and Projections
Metaplanet's expansion aligns with optimistic forecasts, predicting Bitcoin's price to reach between $180,000 and $200,000 by 2025. The company's strategy echoes that of the U.S. firm MicroStrategy. This could pave the way for corporations to emulate such actions, reinforcing long-term market stability.
Metaplanet's bold plan to boost its Bitcoin reserve marks significant shifts in corporate investment approaches in cryptocurrencies, potentially amplifying institutional Bitcoin adoption.
