Metaplanet's Strategic Expansion in Bitcoin Holdings
Metaplanet Inc., a prominent Japanese Bitcoin firm, unveiled a groundbreaking strategy on Tuesday to cement its status as a global leader in corporate Bitcoin holdings. The company plans to raise ¥116.65 billion (approximately $745 million) by issuing 21 million shares, setting a record for the largest equity capital raise for Bitcoin in Asia.
This significant funding is earmarked for the company's ambitious 2025-2026 Bitcoin Plan. The plan outlines a goal to acquire 10,000 Bitcoin by the end of 2025 and a total of 21,000 Bitcoin by the end of 2026. Dylan LeClair, Metaplanet's Director of Bitcoin Strategy, emphasized the company's mission: "Our mission is to maximize Bitcoin per share for our shareholders. Bitcoin is not just an asset; it’s the exit strategy." Currently, Metaplanet boasts a portfolio of over 1,700 Bitcoin.
Looking ahead to 2025, Metaplanet has set a target to achieve a 35% Bitcoin yield per quarter, with an ambitious goal of expanding its treasury to 10,000 Bitcoin by the year's end.
Comments