Metaplanet's Bold Bitcoin Bet: 31,000 BTC by 2026

Metaplanet, a Tokyo-listed company, has announced a strategic initiative to acquire 10,000 bitcoin (BTC) by the end of 2025 and 21,000 BTC by 2026. This bold move positions the company among the largest corporate holders of the cryptocurrency globally. The plan involves issuing 21 million shares through moving strike warrants to raise approximately 116.65 billion yen (nearly $740 million). According to Metaplanet, the exercise price will be set at 100% of the previous day’s closing price, mitigating the dilution typically associated with traditional equity capital raises.

Metaplanet’s Bitcoin acquisition strategy centers on generating and measuring performance through BTC Yield rather than fiat currencies. Dylan LeClair, Director of Bitcoin Strategy, emphasized that Bitcoin serves as the company’s benchmark for success. “BTC Yield is the foundation of our strategy and the ultimate measure of our success,” LeClair stated. “We don’t measure performance in yen or dollars—our benchmark is Bitcoin itself.”

Metaplanet achieved a remarkable 309.82% BTC Yield for Q4 2024, building on a 41.7% BTC Yield in Q3 2024. The company projects a steady quarterly BTC Yield of 35% as it continues its aggressive acquisition strategy.

“Our mission is to maximize bitcoin per share for our shareholders,” added LeClair. “Bitcoin is not just an asset; it’s the exit strategy. We’re here to accumulate and lead, not sell.”

Metaplanet’s entry into the list of top corporate Bitcoin holders aligns with a broader trend of institutional adoption. Several major companies have already recognized Bitcoin as a strategic asset.

MicroStrategy, led by Bitcoin advocate Michael Saylor, holds 461,000 BTC, solidifying its reputation as a pioneer in corporate Bitcoin investments. Tesla made waves in 2021 by investing $1.5 billion in Bitcoin and briefly accepting it as a payment method. As of January 2025, the company holds 9,720 BTC in its portfolio. Moreover, Crypto mining firm at the time of writing.