tl;dr
Metaplanet, a Japanese company following MicroStrategy's Bitcoin strategy, announced an accelerated plan to hold 210,000 BTC by the end of 2027, representing about 1% of total Bitcoin supply. The company aims to accumulate 110,000 BTC in the next two years through raising 770.9 billion yen by issuin...
Metaplanet has announced an ambitious acceleration of its Bitcoin accumulation strategy, aiming to hold 210,000 BTC by 2027, which represents about 1% of the total Bitcoin supply.
The company has fully transitioned into a Bitcoin treasury model, inspired by MicroStrategy’s approach led by Michael Saylor. Following this model, Metaplanet plans to accumulate 110,000 BTC over the next two years.
To fund this accumulation, Metaplanet is issuing 555 million MS warrants intending to raise 770.9 billion yen. This warrant issuance is notable as the largest stock acquisition right issuance in the history of the Japanese capital market, with an exercise price set above the current market price.
All proceeds from the warrant issuance will be used exclusively for purchasing Bitcoin, signaling Metaplanet’s strong conviction in holding BTC as a key treasury asset.
This move aligns with a broader trend of companies adopting Bitcoin treasury strategies, taking cues from established players like MicroStrategy, which currently holds over 580,000 BTC valued at tens of billions of dollars.
By setting such a significant target, Metaplanet aims not only to secure a substantial Bitcoin stake but also to position itself prominently within the evolving landscape of corporate Bitcoin accumulation worldwide.