Japanese company Metaplanet (JP:3350) is making headlines with its ambitious plan to raise over $745 million to purchase Bitcoin. Announced on Jan. 29, the firm issued 21 million moving strike warrants to fund its Bitcoin strategy, a move it calls the largest capital raise in Asia dedicated to Bitcoin. According to Simon Gerovich, the company’s president, this plan is part of a bold vision to “lead the Bitcoin renaissance in Japan” and become one of the world’s largest corporate Bitcoin holders.
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Aiming for 21,000 BTC by 2026
Metaplanet has big plans, starting with the acquisition of 10,000 BTC by late 2025 and expanding to 21,000 BTC by 2026. At current prices, this would cost over $2 billion. The company adopted Bitcoin as a core treasury asset in 2024 and says it has seen “exponential growth” since, including a 309% Bitcoin yield in Q4 2024.
At the time of writing, Bitcoin is sitting at $102,488.53.
