- Metaplanet plans to hold 210,000 Bitcoin by the year 2027.
- Company raises $5.4 billion to support large Bitcoin buying plan.
- Sees Bitcoin as an inflation hedge; follows MicroStrategy with bigger ambition.
Metaplanet Inc., a Tokyo-based firm, has announced an ambitious plan to acquire a large amount of Bitcoin. According to recent updates, the company wants to hold 210,000 BTC by 2027. This figure represents 1% of the total number of Bitcoins in circulation. If everything goes well, Metaplanet will be the top corporate owner of Bitcoin in Asia.
Metaplanet Raises Bitcoin Target to 210,000 BTC by 2027
Metaplanet’s CEO shared the plan in a post made on June 6. At first, the company planned to own no more than 21,000 BTC by the year 2026. Still, in recent times, it has raised its pledge for warming a lot higher than before. The next goal is to accumulate 100,000 BTC by the end of 2026 and 210,000 BTC by 2027. It demonstrates that Metaplanet has strong confidence in Bitcoin’s upcoming prospects.
For this strategy to succeed, Metaplanet will get $5.4 billion in financing. The new shares will be raised from 555 million. This means an extra 28.4 million shares will join the 210 million that were issued earlier. The main use of these funds will be to gain more Bitcoin. Money will be allocated to cover bond expenses as well as to provide extra income through selling put options.
Right now, Metaplanet has 8,888 BTC in its collection. It added a significant amount of 1,088 BTC to its holdings on June 2. So, the company will still be required to buy over 91,000 BTC in the coming 18 months. It is easy to see that the plan will require a lot of effort and money. Still, Metaplanet thinks it can happen if the right financial plan is used.
Metaplanet Calls Bitcoin a Safe Haven Asset
Metaplanet considers Bitcoin to be a safe place to keep your money in times of rising prices or falling value of a currency. More and more companies are accepting this opinion today. As an example, the U.S.-firm MicroStrategy has accumulated a large proportion of Bitcoin in its treasury. Metaplanet is currently following the same pattern but with bigger ambitions.
In a post on X (formerly Twitter), Simon Gerovich, CEO, stated that Asia has set a new record by raising equity to buy more bitcoin, as the company did in the past, and he’s content with that. He mentioned that the company is strongly devoted to Bitcoin and predicts it will greatly impact world finance.
Besides, Metaplanet is using an original approach called the “Metaplanet structure bill” for funding. It is devised to protect present shareholders as much as possible. Going public ensures that investors can support the company while its worth does not drop a lot. Using this strategy may draw more people who believe in Bitcoin and digital assets.
Overall, Metaplanet’s decision points to a new approach to corporate finance among Asia’s businesses. Having specific goals and a good capital strategy, the company is becoming well-known in the world of cryptocurrencies. If accomplished, it could encourage other firms to make similar choices. Now that Bitcoin is gaining more followers, the decisions by Metaplanet will be under scrutiny by the world’s financial experts. It is important for investors and analysts to observe the company’s advancements over the next few months.
