Metaplanet Raises ¥9.5 Billion to Expand Bitcoin Holdings
Metaplanet Inc. (Tokyo: 3350) has completed the exercise of its 12th series stock acquisition rights, fully exercising all 29,000 unexercised rights, representing 2.9 million shares through the EVO FUND.
The company raised ¥9.5 billion in total bonds, including ¥4.5 billion from the 4th series and ¥5 billion from the 5th series. These funds aim to enhance its Bitcoin strategy, initiated in early 2024, resulting in an accumulation of approximately 1,762 BTCs.
As the 15th largest publicly traded Bitcoin holder, Metaplanet's valuation exceeded ¥126 billion, with its stock market value increasing over 20 times in 2024 due to significant Bitcoin acquisitions. In Q4 2024, the company's BTC yield grew by over 309 percent, supported by its strategic investments. Since its listing on OTCQX, the company has accessed global capital markets, engaging in hotel management and developing Bitcoin-native business lines to enhance shareholder value.
In 2025, Metaplanet plans to expand its Bitcoin holdings to 10,000 BTCs by exploring various opportunities, according to CEO Simon Gerovich.
Happy New Year to Our Valued Shareholders! As we step into 2025, I couldn’t be more excited about what lies ahead for Metaplanet. Last year was transformational, as we broke records, expanded our Bitcoin treasury, and reinforced our position as Asia’s leading Bitcoin Treasury… pic.twitter.com/K2HsOS8TaZ
— Simon Gerovich (@gerovich) January 5, 2025
Market Impact of Metaplanet’s Bitcoin Strategy
Metaplanet’s Bitcoin strategy mirrors that of MicroStrategy Inc (NASDAQ: MSTR), which holds over 2 percent of the total Bitcoin supply. This trend may prompt more companies globally to adopt similar strategies to mitigate inflation and currency devaluation.
The anticipated Donald Trump administration could further influence Bitcoin reserves, reducing the available supply. Currently, around 2.21 million BTC are on centralized exchanges, down from 2.72 million a year ago.
This reduction positions Bitcoin prices for potential growth, driven by institutional demand. Technical analysis suggests Bitcoin is nearing a parabolic phase in the ongoing crypto bull run.
Recent price movements show Bitcoin rebounding above the 50-day Moving Average (MA) and trading over $99K. However, it must maintain a close above the resistance level of $99.5K to avoid potential retracement.
Metaplanet Completes ¥9.5B ($62M) Financing Plan to Purchase More Bitcoin (BTC)