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

Metaplanet, a publicly traded Japanese firm, has announced a bold plan to acquire more Bitcoin (BTC) in a move that mirrors MicroStrategy's approach to cryptocurrency accumulation. The company aims to acquire 21,000 BTC by 2026, with a target of 10,000 BTC by the end of 2025. This ambitious goal is symbolic, as it mirrors Bitcoin's capped supply of 21 million coins, connecting with the cryptocurrency's scarcity model.

Simon Gerovich, Director of Metaplanet, noted that the company has experienced exponential growth since embracing Bitcoin in April 2024. The market has recognized Metaplanet as Tokyo's preeminent Bitcoin company, and the firm is seizing this momentum to solidify its position as a global leader. To achieve this, Metaplanet plans to achieve a 35% BTC yield-per-quarter throughout 2025 while focusing on Bitcoin's growth per share. The company targets the acquisition of 10,000 BTC by 2025 to expand its BTC treasury.

In 2024, Metaplanet achieved a record-breaking 309.82% BTC yield for Q4 after a 41.7% performance in Q3 of the same year. This highlights the company's strategy, which has paid off thus far. 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 Bitcoin strategy, Metaplanet issued 21 million moving strike warrants, raising over $745 million. This move is part of the company's bold vision to lead the Bitcoin renaissance in Japan and become one of the world's largest corporate Bitcoin holders. Metaplanet's ambitious plan to acquire 21,000 BTC by 2026, at current prices, would cost over $2 billion. The company adopted Bitcoin as a core treasury asset in 2024 and has seen exponential growth since, including a 309% Bitcoin yield in Q4 2024.