Metaplanet Raises ¥770.9 Billion for Bitcoin Accumulation 100,000 BTC by 2026

Metaplanet, a company primarily focused on Bitcoin accumulation despite its hotel operations, announced a significant equity raise dedicated to purchasing more Bitcoin. The company plans to raise ¥770.9 billion ($5.4 billion) to support its ambitious goal of acquiring 100,000 BTC by the end of 2026 and 210,000 BTC by the end of 2027. This would give the company 1% of all the Bitcoin that will ever exist, positioning it as one of the largest corporate holders of BTC globally.

Metaplanet's CEO, Simon Gerovich, made the announcement via a post on the social media platform X. The company will issue 555 million shares through moving strike warrants, which allow holders to buy or sell the underlying asset at a variable strike price. This strategy is part of Metaplanet's plan to continue its highly successful Bitcoin accumulation strategy, which has already positioned the company as the 10th-largest corporate holder of BTC in the world, just behind Coinbase Global.

Gerovich expressed gratitude to the company's shareholders, stating, "Thanks to all of our shareholders. We are honored to be on this journey with you. Metaplanet is accelerating into the future — powered by Bitcoin." This sentiment reflects the company's commitment to its Bitcoin accumulation strategy and its confidence in the future of the cryptocurrency.

The news of the equity raise has sparked significant interest in Metaplanet's stock, with shares trading at ¥1,554 at the time of writing, representing a 15% increase for the day and a 24% rise since the close on Friday. This surge in stock price underscores the market's positive response to Metaplanet's ambitious plans and its dedication to Bitcoin accumulation.