Metaplanet aims to raise $745M for Bitcoin acquisition

Japanese firm Metaplanet has announced plans to raise approximately 116 billion yen, or around $745 million, to fund its ambitious strategy of acquiring Bitcoin (CRYPTO:BTC).

The company aims to purchase 21,000 BTC by the end of 2026 as part of its initiative to lead a Bitcoin renaissance in Japan.

On January 29, Metaplanet issued 21 million shares of 0% discount moving strike warrants to facilitate this capital raise, which it claims is the largest equity offering in Asia focused on Bitcoin purchases.

This fundraising effort aligns with Metaplanet's strategy to counteract the declining value of the yen and solidify its position in the cryptocurrency market.

The company plans to acquire 10,000 BTC by Q4 2025, which would require an investment of over $1 billion at current prices.

By Q4 2026, Metaplanet intends to expand its holdings to 21,000 BTC, valued at approximately $2.1 billion based on current market conditions.

Simon Gerovich, Metaplanet's representative director and president, stated that the company is recognized as "Tokyo’s preeminent Bitcoin company" and is seizing the momentum to enhance its influence in the market.

Since adopting Bitcoin as a core treasury asset in April 2024, Metaplanet has reported significant growth, including a BTC yield of 309% for Q4 2024.

The firm also noted a dramatic increase in its shareholder base, surpassing 50,000 and experiencing a trading volume increase of 430 times year-over-year.

Metaplanet's strategy emphasizes leveraging Bitcoin as a reliable store of value amid economic fluctuations while enhancing shareholder value through strategic acquisitions.

With this bold plan, Metaplanet aims not only to increase its Bitcoin reserves but also to inspire other companies globally to embrace Bitcoin as a strategic asset.

At the time of reporting, the Bitcoin (BTC) price was $101,670.