Metaplanet Inc., a Japanese investment firm listed on the Tokyo Stock Exchange, has further increased its corporate Bitcoin holdings by purchasing 518 BTC at an average cost of $100,561 per coin. The latest acquisition lifts the company’s total reserves to 18,113 BTC, valued at approximately $2.1 billion at current market prices.
After pivoting into digital assets under CEO Simon Gerovich, Metaplanet launched its “555 Million Plan” in early 2025, targeting the accumulation of 210,000 BTC—approximately 1% of Bitcoin’s total supply—by the end of 2027. This represents a significant upsizing from its earlier “21 Million Plan,” which aimed for 21,000 BTC by 2026.
Innovative Financing Strategies
To fund its aggressive buying strategy, Metaplanet has employed unconventional financing tools, including issuing zero-interest convertible bonds, moving-strike warrants, and perpetual preferred shares. A shelf registration filed on August 1 seeks approval for up to ÂĄ555 billion (about $3.74 billion) in perpetual preferred stock issuances and an increase in authorized share count.
Market and Risk Considerations
Analysts note that Metaplanet’s approach positions it among the largest institutional Bitcoin buyers globally, signaling growing mainstream corporate adoption of digital assets. However, the concentrated exposure to a single, highly volatile asset raises financial risk, especially if Bitcoin experiences a sustained downturn.
Gerovich emphasizes that each financing instrument is calibrated to optimize shareholder value while progressing toward the BTC target. Investor appetite for the firm’s preferred shares and warrants has remained strong, reflecting confidence in its long-term bullish outlook on Bitcoin.
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