Metaplanet's Bold Bitcoin Bet: 21,000 BTC by 2026

Metaplanet, a publicly traded Japanese firm, has announced its intention to acquire a massive amount of Bitcoin (BTC) in the coming years. The company, which has adopted MicroStrategy's approach to Bitcoin accumulation, plans to acquire 21,000 BTC by 2026.

According to Metaplanet's plan, it aims to acquire 10,000 BTC by the end of 2025 and a total of 21,000 BTC by the end of 2026. This target is notable as it mirrors Bitcoin's capped supply of 21 million coins, making a symbolic statement and connecting with the cryptocurrency's scarcity model.

Simon Gerovich, Director of Metaplanet, noted that since the company embraced Bitcoin in April 2024, it has experienced exponential growth. He stated, "The market has recognized Metaplanet as Tokyo's preeminent Bitcoin company, and we are seizing this momentum to solidify our position as a global leader."

To achieve its targets, Metaplanet plans to focus on Bitcoin's growth per share and aims for a 35% BTC yield-per-quarter throughout 2025. The company will expand its BTC treasury by acquiring 10,000 BTC by 2025.

In 2024, Metaplanet achieved a record-breaking 309.82% BTC yield for Q4, following a 41.7% performance in Q3 of the same year. As of Dec. 31, 2024, Metaplanet had a cumulative Bitcoin holding of 1,761 BTC, acquired at an average purchase price of ¥11.85 million per BTC.

To fund its ambitious Bitcoin acquisition plan, Metaplanet will issue 21 million shares via moving strike warrants. The success of this move could signify the company's bold ambition to become a top corporate holder of Bitcoin, similar to MicroStrategy.