Metaplanet Inc. plans to increase its Bitcoin holdings by 470%, aiming to reach 10,000 BTC this year as it continues to build on a consolidation strategy first made in April.
CEO Simon Gerovich says Metaplanet will expanding his BTC holdings by “using the most advanced capital market tools available.”
“Last year was transformative, as we broke records, expanded our Bitcoin finance, and solidified our position as the leading Bitcoin Finance Company in Asia,” Gerovich tweeted on Saturday. “This year, we are laser-focused on performance and driving even greater value for our shareholders.”
The Tokyo-based investment firm currently holds 1,761.98 BTC worth 27.2 billion yen (US$173.6 million), according to a December 23 ruling. to file.
It follows a streak of 19 purchases last year, with an average acquisition price of 11,846,002 yen per Bitcoin (about $75,000 each).
His most recent purchase of 619.70 BTC for 9.5 billion yen in December marked his single largest acquisition, representing about 35% of his total holdings.
The company's Bitcoin holdings started at 97.8 BTC on April 22, growing rapidly in just over six months, with the fastest pace occurring between October and December 2024.
BTC Yield, which measures the company's holdings of Bitcoin compared to its total shares, jumped from 42% to 310% in the last quarter of 2024, showing that its ' Bitcoin company faster than they issued new shares.
The transaction came as Bitcoin was trading near $100,000, amid predictions from VanEck and Little by little of prices between $180,000 and $200,000 in 2025.
Bitcoin Strategy
Metaplanet reorganized its share structure in mid-2024 to meet Tokyo Stock Exchange regulations before expanding its Bitcoin purchasing power.
On June 28, the company first consolidated its shares 10-to-1, effectively raising its trading price to meet the exchange's 50,000 yen minimum trading unit requirement.
It then launched a rights offering on August 6 effectively doubling the company's shares from 18.17 million to 36.27 million while raising 10 billion yen (US$63.7 million) from 13,774 shareholders.
The company secured additional funds through two bond sales worth 9.5 billion yen (US$60.3 million) in December, while inaugurating a new stock rights program in November for future fundraising needs.
By December 18, Metaplanet formalized the Bitcoin Financial Operations as an official business line, moving from a one-time purchase to a systematic collection.
“We specifically note that we have acquired Bitcoin using proceeds from various financing activities,” the company said in its filing with the Tokyo Stock Exchange, outlining plans to continue leverage capital markets for future purchases.
Financial data reveals a mobile acquisition strategy for Metaplanet, which has been called “Asia's answer to MicroStrategy,” as it followed the latter. playbook for physical Bitcoin acquisition.
The ambitious expansion target comes as analysts forecast capacity government adoption of Bitcoin reserves could encourage wider institutional investment in 2025.
That's another incentive corporate bodies to start aggressively accumulating Bitcoin with a view to long-term growth as traders and institutions expect to increase prices for crypto this year.
Edited by Sebastian Sinclair
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Source: https://decrypt.co/299644/japans-metaplanet-to-expand-bitcoin-holdings-by-470-in-2025
