Metaplanet's Bold Move in the Bitcoin Arena
In an unprecedented move, Metaplanet Inc., a trailblazer in the Japanese Bitcoin sector, unveiled its strategy on Tuesday to cement its status as a global frontrunner in corporate Bitcoin investments. The company is set to embark on a monumental equity capital raise, aiming to secure approximately $745 million (¥116.65 billion) by issuing 21 million shares. This initiative marks the largest equity capital raise for Bitcoin in Asia's history.
Ambitious Bitcoin Acquisition Plan
With this substantial funding, Metaplanet is poised to execute its audacious 2025-2026 Bitcoin Plan. The strategy outlines an ambitious goal to amass 10,000 Bitcoin by the close of 2025 and to double this figure to 21,000 by the end of 2026. Dylan LeClair, Metaplanet's Director of Bitcoin Strategy, emphasized the company's mission: "Our primary objective is to maximize Bitcoin per share for our shareholders. Bitcoin transcends being merely an asset; it represents the ultimate exit strategy." Currently, Metaplanet boasts a portfolio of over 1,700 Bitcoin.
Targeting a 35% Bitcoin Yield
Looking ahead to 2025, Metaplanet has set its sights on achieving a 35% Bitcoin yield per quarter. A significant focus will be on augmenting the company's treasury to reach the milestone of 10,000 Bitcoin by the year's end.
Comments