Metaplanet's Bitcoin Bet: 2,100 BTC in Less Than a Year

Generated by AI AgentCoin World
Thursday, Feb 20, 2025 2:44 am ET1min read
BTC--

Metaplanet, a Japanese firm, has made significant strides in its Bitcoin acquisition strategy. In less than a year, the company has amassed a total of 2,100 BTC, representing 0.01% of the total Bitcoin supply. This milestone is a testament to Metaplanet's commitment to its ambitious goal of increasing its Bitcoin holdings tenfold by the end of 2026.

Metaplanet's Bitcoin strategy has yielded impressive results, with a year-to-date return of 18% in 2025. The company's total Bitcoin reserve stands at 2,100 BTC, acquired at a cumulative cost of $169.9 million, averaging $80,905 per BTC. Simon Gerovich, CEO of Metaplanet, reaffirmed the company's dedication to its Bitcoin-first strategy, stating that this milestone is just one step in its long-term plan to reach 10,000 BTC by the end of 2025 and 21,000 BTC by the end of 2026.

To bolster its Bitcoin-focused investment strategy, Metaplanet has secured approximately $20 million in equity capital during the first two trading days of its "21M Plan." Additionally, the company has successfully raised JPY 4 billion through 0% unsecured bonds, with the funds earmarked for further Bitcoin acquisitions in 2026 and 2027. Metaplanet has allocated over $700 million toward its previous initiative to add 21,000 BTC to its Treasury by the end of 2026, underscoring its continued commitment to its Bitcoin strategy.

Metaplanet's stock has surged 75% since the beginning of 2025, hitting an all-time high above 7,000 JPY earlier this month. After partial retracement from the highs, the stock is once again on the upward trajectory, gaining 2% today to move to 6,260 levels. The firm has also achieved the distinction of being the largest component in the CoinShares Blockchain Global Equity Index (BLOCK Index), holding a 6.27% weighting. Gerovich noted that Metaplanet is honored to stand alongside industry leaders and

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