Metaplanet, known as Japan’s version of ‘MicroStrategy,’ has successfully raised close to $760 million ( ¥118 billion) to support its ambitious plan of acquiring 10,000 BTC by the year 2025.
Being hailed as the foremost advocate for Bitcoin [BTC] standard in Asia, the company has taken inspiration from MicroStrategy’s approach by utilizing a combination of debt and equity offerings to purchase BTC and enhance shareholder value.
In a move akin to MicroStrategy’s 21/21 initiative, Metaplanet has rolled out a similar program involving the issuance of 21 million shares to generate funds for acquiring 10,000 BTC by the conclusion of 2025. In a statement released by the company, it was mentioned,
“Metaplanet is issuing 21 million shares of 0% discounted moving strike warrants, aiming to raise around ¥116 billion to procure additional $BTC; marking the largest capital-raising event in the history of Asian equity markets dedicated to BTC acquisition.”
By the target year of 2026, Metaplanet aims to boost its BTC holdings to 21,000, potentially securing membership in the exclusive 0.1% BTC holders’ club.
Remarkable 7000% Growth of Metaplanet
Since the adoption of BTC’s corporate strategy in April 2024, Metaplanet has seen an astounding 7000% surge in its market capitalization.
This remarkable growth has not only validated its strategy but has also been reinforced by the BTC strategy head of the firm, Dylan LeClair, who reiterated their bullish stance on BTC.
“Our objective is to optimize the per-share Bitcoin holdings for our shareholders. Bitcoin is more than just an asset; it serves as our exit strategy. Our focus is on accumulation and leadership, not on selling.”
In recent months, the stock value of Metaplanet has risen by 245% since November, soaring from approximately $10 to over $30 before settling at the current value of $28. Concurrently, BTC has also witnessed a 57% increase during the same period, emphasizing Metaplanet’s significant market outperformance.
With institutional interest in BTC intensifying, the ensuing surge in demand could propel the value of the leading cryptocurrency even higher. At present, Metaplanet possesses around 1.76K BTC, valued at over $180 million based on the prevailing market prices.