Japanese publicly traded company Metaplanet is doubling down on Bitcoin, steadily increasing its holdings as part of its long-term strategy. The company now owns 2,100 BTC, which accounts for 0.01% of the total Bitcoin supply. In its latest move, Metaplanet purchased 68.59 BTC for $6.6 million, at an average price of $96,335 per BTC.
With a clear focus on Bitcoin, the company has set an ambitious target to accumulate 10,000 BTC by the end of 2025.
To support its Bitcoin acquisitions, Metaplanet has been actively raising capital. Analyst Dylan Le Clair revealed that the company secured $20 million in equity capital within just two days of launching its “21 Million Plan.”
In addition, Metaplanet announced a 10-to-1 stock split, scheduled for April 1, to make its shares more affordable for investors. This follows a reverse 1-for-10 stock split just eight months ago, after which Metaplanet’s stock surged 1,370%.
Metaplanet’s CEO, Simon Gerovich, confirmed on X (formerly Twitter) that the company invested $6.6 million in Bitcoin, emphasizing its strong belief in Bitcoin’s transparency, stability, and value for investors. Metaplanet’s influence in the crypto sector is also growing, as it now holds the largest share (6.27%) in the CoinShares Blockchain Global Equity Index, which tracks leading blockchain-focused companies.
Metaplanet recently used a significant portion of its 13th series of stock acquisition rights to strengthen its position. Between February 18 and 19, the company exercised 5,000 rights, issuing 500,000 new shares—about 11.9% of the total available rights. This move is part of a broader strategy to raise funds for Bitcoin purchases and support long-term expansion. Metaplanet still has 37,000 rights left, providing further flexibility for future funding.
Metaplanet’s stock is currently trading at 6,260 JPY, reflecting growing confidence in its Bitcoin-focused approach. With institutional interest in Bitcoin increasing, investors are closely watching how Metaplanet’s strategy will shape its future in the crypto-driven corporate world.
Metaplanet’s all-in approach could set the stage for a new wave of corporate adoption.
Metaplanet holds 2,100 BTC, about 0.01% of Bitcoin’s total supply, with plans to acquire more through strategic investments.
After a steep upswing, the Bitcoin price is experiencing a small pullback, forming yet another…
Key Highlights: Fartcoin surged over 575% from its Q2 bottom, currently trading near $1.26. A…
Ripple was once hailed as the future of fast, bank-friendly crypto. Its Asynchronous Byzantine Fault…
Veteran short-seller Jim Chanos, the man who famously exposed the Enron scandal, is now turning…
Solana blockchain based token LaunchCoin, the main token of the Believe platform, jumped by 7000%…
Sui price is presently changing hands at $3.72, down 7.07% in the past 24 hours.…