As the market anticipates that the US government may adopt Bitcoin as a reserve asset, driving a wave of institutional investment, the Japanese listed company Metaplanet, known as the 'Japanese version of MicroStrategy,' is also targeting this trend, announcing plans to increase its Bitcoin holdings to 10,000 coins this year, a 470% increase from the current amount.

Metaplanet began implementing a 'Bitcoin strategy' since April last year, with CEO Simon Gerovich stating that the company would 'fully utilize the most value-creating capital tools in the market,' significantly increasing its Bitcoin holdings. He wrote in a post:

Last year was a pivotal turning point for us, as 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 are fully committed to creating 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 the 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' (the ratio of Bitcoin holdings to issued shares) surged in the fourth quarter of 2024, jumping from 42% to 310%, indicating that the company is accumulating Bitcoin at a pace far exceeding new stock issuance.

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

  • June 28: Stock consolidation of 10 to 1, raising the trading price per share to over 50,000 yen, meeting the minimum trading unit requirements of the Tokyo Stock Exchange;

  • August 6: Launched a stock 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 equity 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 aims to 'increase its holdings to 10,000 coins' this year" This article was first published on (Block客).

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