Tokyo, Japan-based investment company Metaplanet on Friday announced its Accelerated 2025-2027 Bitcoin Plan, targeting to acquire 210,000 BTC by 2027. This comes amid increasing interest from companies globally to adopt Bitcoin reserve asset strategy.
Notably, Metaplanet has earlier declared its goal to hold at least 10,000 BTC by the end of 2025. Metaplanet Inc. (3350.T) stock price closed 1.61% lower at 1,341 yen at the time of writing.
Metaplanet to Raise $5.4 Billion to Buy Bitcoin
Asia’s largest corporate holder of Bitcoin, Metaplanet, announced the Accelerated 2025-2027 Bitcoin Plan, according to a press release on June 6. The company has revised the plan upward to set a goal to purchase 210,000 Bitcoin by 2027.
“Our new target is to hold over 210,000 Bitcoin by the end of 2027, which corresponds to approximately 1% of the total Bitcoin supply cap of 21,000,000 BTC, as per the statement.
In order to buy this many BTCs, Metaplanet will issue stock acquisition rights enabling the issuance of up to 555 million shares. The shares are in addition to the 210 million shares already issued under the 21 Million Plan.
Simon Gerovich, CEO of Metaplanet, said the company has launched Asia’s largest-ever equity raise dedicated to Bitcoin. He expects 770.9 billion Yen ($5.4 billion) capital raise by issuing 555 million shares via moving strike warrants.
He added that Metaplanet aims to hold 100,000 BTC by the end of 2026 and 210,000 BTC by the end of 2027.
Currently, Metaplanet holds 8,888 BTC in total, achieving 88.8% of its 10,000 BTC goal for 2025. Moreover, the company has achieved a BTC Yield of 225.4% YTD. It is among the top 10 holders of Bitcoin.
Metaplanet Inc. (3350.T) stock price closed 1.61% lower at 1,341 yen on Friday. As per Yahoo Finance, the stock price has rallied over 213% in a month and nearly 285% YTD.
