As the market anticipates that the U.S. government may adopt Bitcoin as a reserve asset, leading to a surge in institutional investment, the Japanese listed company Metaplanet, known as 'Japan's version of MicroStrategy,' is also targeting this trend, announcing that it will increase its Bitcoin holdings to 10,000 coins this year, a 470% increase from the current amount.

Since April of last year, Metaplanet has adopted a 'Bitcoin strategy.' CEO Simon Gerovich stated that the company will 'fully leverage the most value-creating capital tools in the market,' significantly increasing its Bitcoin holdings. He wrote in the post:

Last year was a pivotal turning point for us; we not only broke multiple records but also successfully expanded our Bitcoin reserves, solidifying Metaplanet's position as Asia's leading Bitcoin asset management company. This year, we will strive to create greater value for our shareholders.

As of December 23, Metaplanet held a total of 1,761.98 Bitcoins, valued at approximately 27.2 billion yen (about 173.6 million USD). Throughout last year, Metaplanet completed 19 Bitcoin purchases, with an average purchase price of 11,846,002 yen (approximately 75,000 USD).

At the same time, Metaplanet's 'Bitcoin Yield' (BTC Yield, the ratio of Bitcoin holdings to issued shares) saw a significant jump in the fourth quarter of 2024, rising from 42% to 310%, indicating that the company's accumulation of Bitcoin far outpaces new stock issuance.

To further enhance purchasing power, Metaplanet conducted a series of capital market operations in 2024, including:

  • June 28: Stocks merged at a ratio of 10 to 1, raising the trading price per share to over 50,000 yen, meeting the minimum trading unit requirement of the Tokyo Stock Exchange;

  • August 6: Launched a share allocation plan, increasing the number of shares from 18.17 million to 36.27 million, successfully raising 10 billion yen (approximately 637 million USD) from 13,774 shareholders;

  • November: Established a new stock subscription plan to pave the way for future funding needs;

  • December: Raised 9.5 billion yen (approximately 603 million USD) through two bond issuances.

"Going all-in on Bitcoin! Metaplanet's goal this year is to increase its 'Bitcoin holdings to 10,000 coins'" This article was first published on (Block Cat).

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