Japanese public firm Metaplanet announced ambitions to raise 116B yen ($745M) for Bitcoin purchases. To fund this project, the corporation issued 21 million shares of 0% discount moving strike warrants.
This new plan is the largest capital raise in Asian equities markets for Bitcoin purchases. The strategy is to counteract the yen's falling value. They plan to buy 21,000 BTC by 2026. Metaplanet's ambitious strategy includes accumulating 10,000 BTC by Q4 2025. In 2026, they plan to have added the extra 11,000 BTC by Q44 to reach the 21,000 BTC Goal.
Metaplanet's representative director, Simon Gerovich, indicated that the company plans to "lead the Bitcoin renaissance in Japan" and become a top global corporate Bitcoin holder.
Metaplanet has experienced substantial growth since embracing Bitcoin as a main treasury asset in April 2024. They saw a BTC yield of 309% in Q4 2024 and 41% in Q3 2024. On top of that, they hold significant unrealized gains on BTC holdings. The corporation has also seen an increase in shareholder numbers, approaching 50,000. Its share trading volume grew 430 times year on year. Metaplanet is now the world's 15th largest corporate Bitcoin holder.
