- Metaplanet plans to raise $745M through Asia’s largest Bitcoin-focused capital raise.
- The company aims to buy 21,000 BTC by 2026, valued at $2.1 billion at current prices.
- Metaplanet positions itself as a leader in Bitcoin adoption and corporate innovation.
Metaplanet, a Japanese company, unveiled that it is looking to raise 116 billion yen, the equivalent of $745 million, to acquire more Bitcoins. The company released 21 million moving strike warrants without discount and described it as the largest capital increase in the Asian equity markets for Bitcoin investments.
Combatting Yen Depreciation
This aligns with the company’s strategy of combating the depreciation of the Japanese yen and, simultaneously, building Metaplanet as a leading company for Bitcoin usage. The company has set its sights on acquiring 10,000 BTC by the end of the fourth quarter in 2025, and at current prices, this would be over 1 billion dollars. Metaplanet wants to acquire more assets to get to 21,000 BTC by the end of 2026, at the current market price, this will be worth $2.1 billion.
Simon Gerovich, the representative director of Metaplanet, explained how important this move is in a press release. He called Metaplanet Tokyo’s leading Bitcoin company and said that Metaplanet’s goal is to be the catalyst for Bitcoin adoption in Japan. Gerovich also said that the company is planning on being one of the largest corporate owners of Bitcoin, and this financing round is a significant part of that strategy.
Bitcoin Fuels Growth
Metaplanet stepped into Bitcoin on April 8, 2024, and the company decided to use it as a main treasury asset. Since then, the company has claimed that Bitcoin is the force that is driving growth at an accelerating rate. For instance, Bitcoin’s return on investment in the third quarter of 2024 was 41%, while in the fourth quarter, it was 309%. These gains show the improvement in Metaplanet’s financial results since the company started to use Bitcoins.
Related: MicroStrategy Buys 10,107 BTC, Total Now 471,107 BTC: Report
Besides, the company has also identified other growth areas within Metaplanet besides the crypto investments. The number of shareholders of the company increased to 50 thousand in the year 2024, and the trading volume per share increased 430 times a year.
As the 15th largest corporate Bitcoin holder, Metaplanet’s goals suggest the company wants to rise even further up the list. The announcement has already attracted much attention from the cryptocurrency community and others. It also indicates increased corporate interest in Bitcoin as a tool to manage currency risk and foster innovation.
