Metaplanet Plans To Acquire 21,000 BTC Worth $2B by 2026

Japan-based investment firm Metaplanet has unveiled plans to significantly boost its Bitcoin (BTC) holdings, aiming to accumulate 21,000 BTC by the end of 2026. The move highlights the company’s deepening commitment to Bitcoin as a core asset amid shifting economic conditions.

Meanwhile, the announcement builds on Metaplanet’s previous statement in January, which outlined a goal to acquire 10,000 BTC in 2025. Notably, the latest plan signals even greater confidence in Bitcoin’s long-term value as part of the firm’s strategic portfolio.

Expanded Bitcoin Strategy

In its full-year 2024 financial report, Metaplanet detailed its Bitcoin acquisition strategy. The company aims to secure 1/1000th of Bitcoin’s total supply, which, at current prices, would be worth over $2 billion. To fund these acquisitions, Metaplanet plans to issue 21 million shares through moving strike warrants, which allow the purchase price to adjust based on market conditions.

Currently, the firm holds 1,761 BTC, purchased for approximately $137 million, and has an unrealized gain of about $36 million (5.46 billion yen). Additionally, its shareholder base expanded fivefold in 2024, reaching 50,000 investors.

Bitcoin as a Treasury Reserve

Metaplanet adopted Bitcoin as a strategic reserve asset in May 2024, a decision influenced by Japan’s economic challenges and the yen’s continued depreciation. The shift attracted a wave of new retail investors, including first-time buyers.

According to CEO Gerovich, Bitcoin serves as a hedge against the declining yen, aligning with the strategy championed by Michael Saylor, the co-founder of Strategy (formerly MicroStrategy). With over $170 million in Bitcoin holdings, Metaplanet is now Asia’s largest corporate Bitcoin holder. The company has outlined several strategies to expand its holdings to strengthen its Bitcoin position further.

One method involves raising funds through secured bonds and convertible bonds and leveraging Bitcoin as collateral. Another approach involves issuing equity via private placements, preference shares, convertible bonds, and cash flow from business operations.

Impact on Stock Performance

The firm’s aggressive BTC accumulation has driven a sharp rise in its stock price. As per Google Finance data, its shares climbed 8% on Monday and have surged 64% since the start of the year. Over the past year, Metaplanet’s stock has skyrocketed by 3,575%, placing it among the world’s top-performing companies.

Meanwhile, Bitcoin, the largest cryptocurrency by market cap, was priced above $97,000 at press time. The asset is recovering from last week’s dip, which saw it drop to $91,530.