Metaplanet, a publicly traded Japanese corporation, plans to raise around $745 million to acquire more Bitcoin. To finance its Bitcoin purchases, the company issued 21 million shares of zero-discount strike warrants, making it the largest capital increase in Asia’s equities markets.
This move is consistent with Metaplanet’s overall goal to fight Japan’s falling yen and cement its position as a leader in Bitcoin adoption. Metaplanet’s ambitious aim is for a total of 21,000 BTC by 2026, with the first phase focusing on obtaining 10,000 BTC by late 2025.
The company’s president, Simon Gerovich, stressed that Metaplanet is presenting itself as Tokyo’s leading Bitcoin startup, hoping to spearhead Japan’s Bitcoin rebirth. He expressed optimism that the company’s approach will not only improve its financial position but also make it one of the world’s largest corporate Bitcoin holders.
Metaplanet’s involvement with Bitcoin began in April 2024, when it first added it to its treasury. Since adopting Bitcoin as a fundamental asset, the company has experienced exponential development, with remarkable dividends from its Bitcoin holdings and an increase in shareholder numbers. With these strategic efforts, Metaplanet hopes to position itself as a prominent player in the global cryptocurrency industry.
