Tokyo, Japan-listed Metaplanet on Friday announced its Accelerated 2025-2027 Bitcoin Plan, targeting to acquire 210,000 BTC by 2027. This comes amid increasing interest from various companies globally to adopt a Bitcoin reserve asset strategy. The company earlier declared its goal to hold at least 10,000 BTC by the end of 2025.
Metaplanet’s Accelerated 2025-2027 Bitcoin Plan
“Asia’s MicroStrategy” Metaplanet announced the Accelerated 2025-2027 Bitcoin Plan, according to a press release on June 6. The company has revised the plan upward to set a goal to purchase 210,000 Bitcoin by 2027.
“Our new target is to hold over 210,000 Bitcoin by the end of 2027, which corresponds to approximately 1% of the total Bitcoin supply cap of 21,000,000 BTC,” as per the statement.
In order to buy these many BTC, Metaplanet will exercise stock acquisition rights enabling the issuance of up to 555 million shares. The shares are in addition to the 210 million shares already issued under the 21 Million Plan.
Simon Gerovich, CEO of Metaplanet, said the company has launched Asia’s largest-ever equity raise dedicated to Bitcoin. He expects a 770.9 billion Yen ($5.4 billion) capital raise by issuing 555 million shares via moving strike warrants.
Metaplanet aims to hold 100,000 BTC by the end of 2026 and 210,000 BTC by the end of 2027. The firm has followed Strategy (formerly MicroStrategy) to purchase Bitcoin by corporate stocks and bonds offering. Also, the low interest rates in Japan helped the firm raise funds more easily and quickly than its peers. Notably, the “carry trade” strategy has attracted global clients and hedge funds towards Japan.
Currently, Metaplanet holds 8,888 BTC in total, achieving 88.8% of its 10,000 BTC goal for 2025. Moreover, the company has achieved a BTC Yield of 225.4% YTD. It is among the top 10 holders of Bitcoin.
Metaplanet Stock and Bitcoin Price Performance
Metaplanet Inc. (3350.T) stock price closed 1.61% lower at 1,341 yen on Friday. As per Yahoo Finance, the stock price has rallied over 213% in a month and nearly 285% YTD.
Bitcoin price continues to rebound slightly from the earlier crypto market crash, with the price currently trading at $103,476. The 24-hour low and high are $100,436 and $105,936, respectively.
Coinglass data indicates a jump in total futures open interest by 0.17% in an hour and 0.54% in the last 4 hours to $71.26 billion. This happened as the Metaplanet announced its accelerated Bitcoin buying plans.
