Coinspeaker Metaplanet Completes ¥9.5B ($62M) Financing Plan to Purchase More Bitcoin (BTC)
Metaplanet Inc. (Tokyo: 3350), a fast-growing company focused on a strategic transformation through leveraging Bitcoin (BTC), has announced the completion of the exercise of 12th series stock acquisition rights. The company announced that all the 29k unexercised rights, which represent 2.9 million shares, were fully exercised through the EVO FUND.
As a result, Metaplanet raised ¥9.5 billion in total bonds, which includes ¥4.5 billion under the 4th series and ¥5 billion under the 5th series. The funds were used to strengthen its Bitcoin strategy, which began in early 2024 and has since achieved around 1,762 BTCs BTC $98 704 24h volatility: 1.0% Market cap: $1.95 T Vol. 24h: $29.85 B .
As the 15th largest publicly traded company in the world holding Bitcoins, Metaplanet’s valuation has grown exponentially in the past year to a net valuation of more than ¥126 billion as of this report. Furthermore, the company’s stock market rallied over 20x in 2024 following the relentless Bitcoin accumulation.
In the fourth quarter of 2024, the company achieved a BTC Yield growth of over 309 percent bolstered by its strategic Bitcoin acquisitions. Furthermore, the company has been leveraging more global capital markets since its listing on OTCQX late last year. In addition to debt and equity issuances, Metaplanet also engages in hotel management and develops Bitcoin native business lines to strengthen its BTC strategy and give more value to the shareholders.
In 2025, the company intends to focus on strengthening and expanding its Bitcoin strategy. According to Simon Gerovich, the CEO of Metaplanet, the plan is to expand the company’s Bitcoin trove to 10K in 2025, through exploring different opportunities.
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
The success of Metaplanet’s Bitcoin strategy is heavily influenced by a similar approach by MicroStrategy Inc (NASDAQ: MSTR), which currently owns more than 2 percent of the total supply. As a result, more companies around the world are likely to adopt a similar Bitcoin strategy to hedge against rising inflation and ongoing fiat devaluations.
With the upcoming Donald Trump administration likely to adopt a strategic Bitcoin reserve, the overall supply of BTCs available for sale will continue to significantly diminish. As of this writing, the overall supply of Bitcoin on centralized exchanges (CEXes) stood at around 2.21 million, down from over 2.72 million a year ago.
As a result, Bitcoin price is well positioned to continue in a rising trend backed by the high demand from institutional investors. From a technical analysis standpoint, Bitcoin price is on the cusp of entering the parabolic phase of the 2024/2025 crypto bull run.
The recent rebound above the 50-day Moving Average (MA) to trade above $99K earlier on Monday rejuvenated the bullish outlook. However, the flagship coin must consistently close above the resistance level of $99.5K to invalidate potential retrace in the near term.
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Metaplanet Completes ¥9.5B ($62M) Financing Plan to Purchase More Bitcoin (BTC)
