Metaplanet Boosts Bitcoin Holdings to $159M Amidst Japan's Economic Woes

Metaplanet, a Japanese public company, has recently bolstered its Bitcoin holdings to approximately $159 million, as part of a strategic move to navigate the country's economic challenges. The company raised 4 billion yen (around $26.39 million) through the issuance of ordinary bonds to EVO Fund, a debt and financing solutions provider. With this capital, Metaplanet acquired an additional 269.43 bitcoins, bringing its total holdings to 2,031.41 BTC, valued at around $159 million at the current price of $96,000 per Bitcoin.

Metaplanet's long-term goals for Bitcoin are clear. This latest purchase brings the company's total Bitcoin holdings to 2,031.41 BTC, with an average purchase price of $78,000 per BTC, amounting to a total investment of $159 million. At this pace, the company plans to raise 116.65 billion yen (about $746 million) between 2025 and 2026 to buy more Bitcoin. By the end of 2025, Metaplanet aims to hold 10,000 BTC and grow that number to 21,000 BTC by the end of 2026. To fund these purchases, Metaplanet entered into a deal with EVO Fund, called the "21 Million Plan," which involves issuing 21 million shares to raise the money needed for more Bitcoin.

Metaplanet's decision to invest more in Bitcoin is partly driven by Japan's ongoing economic struggles. The country is grappling with negative interest rates, high levels of national debt, and a weakening yen. In this environment, Metaplanet sees Bitcoin as a safe asset to protect against inflation and the decline in the value of the yen. The company believes that increasing its Bitcoin holdings will help it withstand the economic pressures in Japan, ensuring long-term growth.

Metaplanet's Bitcoin strategy is similar to that of MicroStrategy, a U.S. company that has led corporate Bitcoin accumulation to new heights. MicroStrategy holds over $14.85 billion in unrealized profits from its BTC holdings but reported a $670.8 million loss in Q4