- Japan’s Metaplanet plans to acquire 21000 BTC by 2026.
- The firm’s share surged nearly 250% since last November.
Japan’s ‘MicroStrategy,’ Metaplanet, has raised nearly $760M ( ¥118B) to fund part of its 10K BTC acquisition program for 2025.
As Asia’s top Bitcoin[BTC] standard champion, the firm has borrowed from MicroStrategy’s playbook—Using debt and equity issuance to buy BTC and drive more shareholder value.
Like MicroStrategy’s 21/21 program, Metaplanet has launched a similar program to issue 21 million shares and raise capital for buying 1OK BTC by the end of 2025. Part of the firm’s statement read,
“Metaplanet issues 21 million shares of 0% discount moving strike warrants, proceeds to raise approximately ¥116 Billion to purchase additional $BTC; largest capital raise in Asian equity markets history to buy BTC”
By 2026, the firm plans to increase its holdings to 21K BTC, potentially joining the 0.1% BTC holders club.
Source: Metaplanet
Metaplanet’s 7000% growth
Since adopting BTC’s corporate strategy in April 2024, Metaplanet’s market cap has surged by 7000%.
The growth has validated its strategy with the firm’s head of BTC strategy, Dylan LeClair, reiterating that they are net long on BTC.
“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”
That said, Metaplanet’s stock has surged by 245% since November, rising from about $10 to +$30 before easing to its current $28 value. Over the same period, BTC posted a 57% gain, underscoring Metaplanet’s outperformance.
Source: BTC vs Metaplanet performance, TradingView
As the institutional FOMO extends on BTC, the ensuing demand could drive the king coin even higher. Currently, the firm owns 1.76K BTC, worth over $180M per current price.
