Tokyo-Based Metaplanet Acquires Additional 780 BTC
Tokyo-listed Metaplanet announced Monday the purchase of 780 bitcoin, significantly increasing its existing holdings to 17,132 BTC from a previously reported 17,132 BTC.
Corporate Strategy & Funding
- The latest BTC acquisition is funded by recent stock issuances completed in July.
- Proceeds from these new share issuances specifically supported both bond redemption and Bitcoin purchases.
Revised Long-Term Targets
- The “555 Million Plan” replaces an earlier 2026 target of 21,000 BTC.
- Current goals are to acquire 100,000 BTC by the end of 2026 and 210,000 BTC by 2027.
This accelerated pace is part of Metaplanet’s strategy launched in 2024. The recent purchase signals a sharp increase in accumulation compared to market conditions in previous years.
Implications and Expert Analysis
Financial Needs: Reaching the 100,000 BTC goal (currently valued at approximately $119,200 per BTC) would necessitate around $10 billion, equivalent to roughly 4,900 BTC monthly at steady prices for 17 months.
Expert View: Peter Chung of Presto trading firm noted the strategy’s sustainability depends on investor appetite for Metaplanet’s security issuance. He questions how the strategy fares when the current bull market ends.
Market Position: Metaplanet is positioning itself as one of the most aggressive corporate Bitcoin holders, second only to Michael Saylor’s Stratergy unit in stated ambition.
Disclosure Note: Earlier this month, Metaplanet CEO Simon Gerovich was listed as an individual investor for broader strategies explored among Asian firms. Gerovich did not immediately respond to comment requests.
Corporate Commitment
Per Metaplanet’s corporate notice, the company has “strategically increased” its Bitcoin holdings “through acquisitions funded by capital market activities and operating income.” This commitment underscores Metaplanet’s long-term view of Bitcoin.
