Metaplanet, often referred to as Japan’s version of MicroStrategy, has successfully raised close to $760 million (¥118 billion) to support its plan of acquiring 10,000 BTC in 2025.
Being a prominent advocate for Bitcoin (BTC) in Asia, the company has taken a page out of MicroStrategy’s book by utilizing a mix of debt and equity issuance to purchase BTC and enhance overall shareholder value.
In a move reminiscent of MicroStrategy’s 21/21 initiative, Metaplanet has introduced a similar program involving the issuance of 21 million shares to gather funds for procuring 10,000 BTC by the conclusion of 2025. A section of the company’s announcement stated,
“Metaplanet has issued 21 million shares at a 0% discount moving strike warrants, raising approximately ¥116 billion to secure additional $BTC; marking the largest capital raise in the history of Asian equity markets for BTC acquisitions.”
By 2026, Metaplanet aims to elevate its BTC reserves to 21,000, potentially cementing its position in the exclusive 0.1% BTC holders’ circle.
Phenomenal 7000% Expansion for Metaplanet
Following the adoption of BTC as part of its corporate strategy in April 2024, Metaplanet has witnessed a remarkable 7000% surge in its market capitalization.
This exponential growth serves as confirmation of the company’s strategy, with Dylan LeClair, the head of BTC strategy at Metaplanet, emphasizing their bullish stance on BTC.
“Our primary goal is to optimize the Bitcoin holdings per share for our stakeholders. Bitcoin is more than just an asset; it represents our ultimate strategic move. Our focus is on accumulation and leadership, not on selling.”
As a result, Metaplanet’s stock has skyrocketed by 245% since November, leaping from around $10 to above $30 before settling at its current value of $28. During the same period, BTC recorded a 57% surge, highlighting Metaplanet’s superior performance.
With institutional interest in BTC reaching new heights, the resulting increased demand may further propel the value of the leading cryptocurrency. Presently, Metaplanet holds 1,760 BTC, valued at over $180 million based on the current market price.