News View Non-AMP

Japan’s Metaplanet Plans Major Bitcoin Expansion with $6.6M Stock Sale!

Published by
Qadir AK

Metaplanet Inc. (Tokyo: 3350), a company focused on hotel asset management and operations, has taken a major step to expand its Bitcoin (BTC) holdings through a large stock sale. In August, the company’s board approved a plan to raise over ¥10 billion (around $6.6 million) by issuing the 11th series of stock acquisition rights.

Yet again, Metaplanet shows us how confident it is in Bitcoin’s future. Read on to know more.

Stock Acquisition Rights See Strong Participation

Earlier today, Metaplanet announced it had successfully concluded the exercise period for its 11th Stock Acquisition Rights, achieving a 72.8% exercise rate.

A total of 13,774 individual shareholders participated in the stock acquisition rights, and the company will announce final results after transferring any unexercised rights to EVO FUND.

“Once completed, the total funds raised via the stock acquisition rights will reach 10 billion yen. We would like to thank all shareholders for their invaluable support and contribution, which strengthens Metaplanet’s mission of becoming a leading Bitcoin treasury company,” Compan’s CEO, Simon Gerovich, noted.

Following MicroStrategy’s Lead

Metaplanet has been following the footsteps of MicroStrategy Inc., in its Bitcoin strategy to hedge against the global currency devaluation. As Coinpedia previously reported, Metaplanet currently holds about 861.387 Bitcoins, which were purchased at an average price of about ¥9,313,428 and are currently worth over ¥8 billion.

With the completion of the stock acquisition rights, Metaplanet plans to significantly increase its Bitcoin holdings in the near future.

Crypto Market Impact

Metaplanet’s increased focus on Bitcoin comes as digital assets and web3 protocols gain wider acceptance. Institutional investors, particularly those involved in spot Bitcoin ETFs in the U.S., are also ramping up their BTC acquisitions to hedge against inflation.

With these trends in play, Bitcoin’s price is expected to rise, potentially following the same bullish path as gold and major stock indexes.

What do you think of Metaplanet’s bold Bitcoin strategy? Will this move pay off in the long run like it has for MicroStrategy?

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Recent Posts

Forget PEPE – Influencer Pepe (INPEPE) is the Future of Meme Coins with Real Utility!

PEPE hopped its way to a $3.8 billion market cap, but its reign as a…

April 3, 2025

Ripple (XRP) Eyes $10 as Ruvi AI (RUVI) Captures Investor Attention with Huge Growth Potential During Presale Phase 1

Ripple’s (XRP) recent rally from $2.00 to $2.20 has sparked excitement among cryptocurrency enthusiasts. This…

April 3, 2025

How High Can Influencer Pepe Go? Expert Predictions for 2025-2030!

The crypto circus has a new ringmaster: Influencer Pepe (INPEPE). This Pepe-the-Frog-inspired token is making…

April 3, 2025

Crypto Bloodbath: Solana, XRP, and Dogecoin Take Double-Digit Hits, Is Your Altcoin Safe?

The global cryptocurrency market took a major hit today, with the total market capitalization falling…

April 3, 2025

Just In: Michael Saylor Says ‘There Are No Tariffs on Bitcoin’

The cryptocurrency market took a nosedive Thursday, with Bitcoin and its digital cousins feeling the…

April 3, 2025

US Markets Face One of the Biggest Crashes- Here’s How the Crypto Markets & Bitcoin Price May React

The US markets are facing one of the biggest crashes, with over 4% loss in…

April 3, 2025