Metaplanet Inc. plans to increase its Bitcoin holdings by 470%, with a goal of reaching 10,000 BTC this year, as it continues to build on the accumulation strategy first implemented in April.

Metaplanet will do just that, says CEO Simon Jerovich Expanding its holdings of BTC By “using the most accretive capital market instruments available.”

“Last year was transformative, as we broke records, expanded our Bitcoin treasury, and consolidated our position as the leading Bitcoin treasury company in Asia,” Jerovich said. chirp Saturday. “This year, we are laser-focused on executing and creating greater value for our shareholders.”

The Tokyo-based investment firm currently owns 1,761.98 bitcoins worth 27.2 billion yen (US$173.6 million), according to a regulatory decision issued on December 23. Deposit.

This follows a series of 19 purchases in the past year, with an average acquisition price of 11,846,002 yen per Bitcoin (about $75,000 per coin).

Its most recent purchase of 619.70 bitcoins for 9.5 billion yen in December was its largest single acquisition, representing about 35% of its total holdings.

The company's Bitcoin holdings started with 97.8 BTC on April 22, and have grown rapidly in just over six months, with the fastest pace occurring between October and December 2024.

BTC yield, which measures how much Bitcoin a company owns compared to its total shares, jumped from 42% to 310% in the fourth quarter of 2024, showing that the company acquired Bitcoin faster than it could issue new shares.

This deal came at a time when Bitcoin is trading near $100,000, amid expectations of VanEck and... Bitwise At prices ranging between $180,000 and $200,000 in 2025.

Bitcoin strategy

Metaplanet reorganized its share structure in mid-2024 to meet Tokyo Stock Exchange rules before expanding its purchasing power for Bitcoin.

On June 28, the company first consolidated its shares in a 10-to-1 ratio, effectively raising its trading price to meet the exchange's minimum trading unit requirement of 50,000 yen.

It then launched a rights offering on August 6, effectively doubling the company's shares from 18.17 million to 36.27 million while raising 10 billion yen (US$63.7 million) from 13,774 shareholders.

The company raised additional funds through the sale of bonds totaling 9.5 billion yen (US$60.3 million) in December, while it established a new equity rights program in November to meet future fundraising needs.

By December 18, Metaplanet had formalized its Bitcoin treasury operations as an official line of business, shifting from one-off purchases to systematic accumulation.

“We specifically note that we acquired Bitcoin using proceeds from various financing activities,” the company said in its filing with the Tokyo Stock Exchange, outlining plans to continue tapping capital markets for future purchases.

The financial statements reveal a changed acquisition strategy for Metaplanet, which has been described as "Asian's answer to MicroStrategy", as it followed the recent acquisition strategy. Rules of the game for corporate Bitcoin acquisitions.

The ambitious expansion goal comes at a time when analysts are forecasting potential Government approval of Bitcoin reserves It could lead to broader institutional investment in 2025.

This has motivated others Corporate entities To start accumulating Bitcoin aggressively with an eye on long-term growth as traders and institutions expect cryptocurrency prices to rise this year.

Modified by Sebastian Sinclair