Metaplanet’s Ambitious Plans

Japanese firm Metaplanet Inc announced a goal to acquire 10,000 Bitcoin (BTC) by the end of 2025 and expand to 21,000 BTC by the close of 2026. This initiative is part of their corporate treasury strategy aimed at establishing themselves as one of the top corporate Bitcoin holders globally.

The so-called “21 Million Plan” involves the issuance of 21 million shares through moving strike warrants to generate approximately 116.65 billion yen (nearly $740 million), which would be one of Asia’s largest capital raises for Bitcoin. The pricing strategy aims to mitigate shareholder dilution by setting the exercise price at 100% of the previous day’s closing price.

Metaplanet expects a quarterly BTC yield of 35%, with previous results showing impressive gains: 309.82% BTC Yield for Q4 2024 and 41.7% for Q3 2024, indicating that their strategy is on course.

“BTC Yield is the foundation of our strategy and the ultimate measure of our success,” said Dylan LeClair, Director of Bitcoin Strategy at Metaplanet. “We don’t measure performance in fiat currencies like the yen or the dollar—our benchmark is Bitcoin itself.”

“Our mission is to maximize bitcoin per share for our shareholders. Bitcoin is not just an asset; it’s the exit strategy. We’re here to accumulate and lead, not sell,” LeClair added.

Shares of Metaplanet rose by 5% on the day following the announcement.

Japanese yen (Pixabay)