By 2027, Metaplanet, a Japanese firm, aims to acquire approximately 210,000 Bitcoins.
Let's talk Bitcoin, baby! Metaplanet, that badass Japanese investment firm, is gunning for a major Bitcoin (BTC) haul in the next few years. They recently announced their intention to amass at least 210,000 BTC by 2027 - quite the leap from their current 8,888 BTC stash.
In a hot off the press announcement on June 6, the Japanese heavyweights unveiled their latest plan to acquire more BTC for their Saylor-inspired Bitcoin strategy. The Tokyo-based company is now aiming to own a whopping 210,000 BTC, raising their yearly target for 2026 from just 21,000 BTC to a mind-blowing 100,000 BTC.
Now, let's take a look at their "2025-2027 Bitcoin plan" slide deck. It shows they're planning to buy even more Bitcoin than they originally intended. By the end of 2025, they want to double their holdings, taking their BTC stash from 8,888 BTC to a solid 30,000 BTC.
To make this happen, they declared they'll be issuing 555 million shares to raise enough dough to buy more Bitcoin. But remember, those projected targets might change depending on market conditions.
As of right now, Metaplanet's Bitcoin holdings are sitting pretty at 8,888 BTC or around $921.4 million. They dropped a cool $117.7 million on 1,088 BTC just the other day, at an average price of $108,209 on June 2.
If Metaplanet manages to buy enough Bitcoin to reach 30,000 BTC by 2025, then they'll need to invest another $2.18 billion of their corporate funds to achieve that goal.
If they succeed in their mission and own 210,000 BTC by the time 2027 rolls around, they'll own a solid 1% out of the total existing Bitcoin supply in the world.
Michael Saylor's Strategy currently reigns supreme as the largest corporate Bitcoin holder, with a total of 580,250 BTC in their holdings and about 2.7% of the total Bitcoin supply. Many are now referring to Metaplanet as the "Asian Strategy" since it was one of the first companies in the region to adopt their Bitcoin treasury plan.
Metaplanet jumped onto the Bitcoin bandwagon back in May 2024, purchasing their first BTC as a strategy to tackle the weakening yen and other economic challenges facing Japan at the time.
Here's the lowdown: Metaplanet's updated plan to purchase 210,000 BTC by 2027 requires a $5.4 billion equity raise and will see them acquire an additional around 201,112 BTC over the next two years. By 2026, they aim to hold 100,000 BTC, a massive increase from their previous goal of 21,000 BTC for that year. If successful, they'll become the second-largest public company holder of Bitcoin behind Michael Saylor's firm, Strategy. This massive holding would represent about 1% of the total Bitcoin supply.
Now, hold on to your seat! If they manage to buy 210,000 BTC by 2026, they'd become a serious player in the Bitcoin game, solidifying their status as a significant institutional Bitcoin holder on the global stage.
- Metaplanet's updated Bitcoin strategy involves acquiring an additional 201,112 BTC over the next two years, requiring a $5.4 billion equity raise to accumulate 210,000 BTC by 2027.
- By 2026, Metaplanet aims to hold 100,000 BTC, a significant increase from their initial target of 21,000 BTC for that year.
- If successful, Metaplanet will become the second-largest public company holder of Bitcoin, with a substantial 1% of the total Bitcoin supply in their possession.
- Once Metaplanet achieves their goal of owning 210,000 BTC by 2026, they'll solidify their position as a major player in the world of Bitcoin, taking on the role of a significant institutional Bitcoin holder in the global market.
