Japanese Metaplanet Plans to Acquire 21,000 Bitcoin Under New Strategy

Japanese firm Metaplanet has introduced an extensive Bitcoin acquisition plan spanning 2025-2026.

The Bitcoin Treasury Company aims to secure 10,000 Bitcoin by the close of 2025 and increase holdings to 21,000 Bitcoin by the end of 2026.

Notably, it seeks to reinforce its standing among the world’s largest corporate Bitcoin holders. This initiative follows substantial expansion after its transition to the Bitcoin Standard in April 2024.

Market Performance and Bitcoin Holdings

As of December 31, 2024, Metaplanet held 1,761 Bitcoin, acquired at an average cost of ¥11.85 million per Bitcoin. The market valuation of these assets exceeded ¥27.7 billion, reflecting significant unrealized gains. The company ranked 15th worldwide among publicly traded firms with Bitcoin reserves.

Additionally, the firm experienced a notable increase in shareholders, surpassing 50,000 investors. The trading volume of its shares multiplied 430 times year-over-year in JPY terms.

Following its adoption of the Bitcoin Standard in April 2024, its market capitalization surged by 7,000%. The company has adhered to a treasury-first strategy, directing all capital raised through rights issues and debt into Bitcoin, thereby boosting shareholder value in Bitcoin terms.

BTC Yield Growth and Strategic Expansion

BTC Yield serves as a principal performance metric, focusing on Bitcoin accumulation per share instead of fiat valuation. The company recorded a BTC Yield of 309.82% in Q4 2024, a steep increase from 41.7% in Q3 2024. This metric continues to evaluate the effectiveness of its Bitcoin acquisition plan.

Metaplanet’s approach to its 2025-2026 acquisition plan involves the “21 Million Plan,” which includes issuing 21 million shares through moving strike warrants. This initiative, identified as the largest equity capital raise for Bitcoin in Asia, aims to generate ¥116.65 billion.

Measures are in place to prevent dilution, with exercise prices set at 100% of the prior day’s closing price. Additionally, the company retains the flexibility to modify the issuance in response to Bitcoin per share performance.

MicroStrategy Expands Bitcoin Holdings

Meanwhile, MicroStrategy increased its Bitcoin reserves to 478,740 BTC following its latest acquisition. The company previously paused purchases but resumed activity by acquiring Bitcoin worth $742.4 million.

On February 9, the firm added 7,633 BTC to its treasury, as disclosed by Executive Chairman Michael Saylor. The acquisition price averaged $97,255 per Bitcoin, pushing the company’s overall average purchase price to $65,033 per BTC.

 

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Source: https://thecryptobasic.com/2025/02/10/japanese-metaplanet-plans-to-acquire-21000-bitcoin-under-new-strategy/?utm_source=rss&utm_medium=rss&utm_campaign=japanese-metaplanet-plans-to-acquire-21000-bitcoin-under-new-strategy