Metaplanet to Accumulate 21,000 Bitcoin by End of 2026
Tokyo-listed Metaplanet plans to acquire 10,000 bitcoin by the end of 2025 and 21,000 by the end of 2026 as part of a corporate treasury strategy. Key points include:
- The company aims to become one of the largest corporate holders of bitcoin.
- Current holdings exceed $180 million.
- The "21 Million Plan" involves issuing 21 million shares via moving strike warrants to raise approximately 116.65 billion yen (about $740 million).
- This plan protects shareholder value by setting the exercise price at 100% of the previous day's closing price.
- Metaplanet targets a 35% BTC Yield each quarter, reporting a yield of 309.82% for Q4 2024 after 41.7% in Q3 2024.
- Focus is on maximizing bitcoin per share rather than fiat currency performance.
- Shares closed 5% higher on Wednesday.