- Japan’s Metplanet has announced a new campaign to raise $745 million to expand its Bitcoin holdings as it cements its position as “Asia’s MicroStrategy.”
- The company is in the top 20 largest BTC holders and has pledged to raise its holdings from 1,800 to over 10,000 by the end of the year in an ambitious “Bitcoin-first, Bitcoin-only” strategy.
Metaplanet, a Japanese investment firm based in Tokyo, has announced an ambitious plan to purchase over 8,000 BTC this year, and it starts by raising nearly $750 million from investors by issuing additional shares.
The company announced its “Bitcoin Plan for 2025-2026” today, in which it targets owning 10,000 BTC by the end of this year and 21,000 by the end of 2026. According to the press release, the plan is to become one of the largest corporate BTC holders globally.
Metaplanet is already one of the biggest BTC holders. Data from Bitcoin Treasuries shows that the firm owns 1,762 BTC, valued at $181 million, which ranks 15th globally. With the top crypto surging last year, Metaplanet’s holdings have yielded massive returns; according to the data, it acquired its BTC for an average of $77,000, which translates to a 33% profit margin.
“Since adopting the Bitcoin Standard on April 8, 2024, Metaplanet has experienced exponential growth,” noted Director Simon Gerovich. He added:
The market has recognized Metaplanet as Tokyo’s preeminent Bitcoin company, and we are seizing this momentum to solidify our position as a global leader. Our vision is to lead the Bitcoin renaissance in Japan and emerge as one of the largest corporate Bitcoin holders globally. This plan is our commitment to that future.
To hit its ambitious targets, the company is issuing 21 million shares through moving strike warrants, which is the largest capital raise ever in Asia targeted at BTC acquisition.
Asia’s MicroStrategy: Metaplanet’s Relentless BTC Commitment
Few companies have been as relentless in their pursuit of Bitcoin accumulation in Asia as Metaplanet, earning it the moniker “Asia’s MicroStrategy” as a homage to the American trailblazer. MicroStrategy sits comfortably atop the Bitcoin ownership charts with 471,000 BTC, ten times higher than second-placed MARA Holdings. As we reported, MicroStrategy recently invested another $1.1 billion to acquire more BTC.
Metaplanet, whose primary business is in the hotel industry, is committed to Bitcoin, which it defined as “the foundation of our strategy and the ultimate measure of our success.” Dylan LeClair, who heads the company’s Bitcoin Strategy, added:
We don’t measure performance in fiat currencies like the yen or the dollar—our benchmark is Bitcoin itself. 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.
The pivot to the Bitcoin standard by Metaplanet is a wise move. After all, the Japanese yen has been massively underperforming other global currencies; last year, it hit a 34-year low against the greenback.
Meanwhile, Bitcoin gained 4% in the past day to trade at $102,840 at press time for a $2.03 trillion market cap. The trading volume increased 14% to hit $64 billion as the broader market recovered following an underwhelming start to the week on Monday.
