Metaplanet, based in Tokyo, aims to raise ¥555 billion to increase its Bitcoin holdings to 210,000 BTC by 2027, marking Asia’s largest corporate Bitcoin acquisition initiative.
The plan signals a significant shift in institutional Bitcoin adoption in the Asia-Pacific region, influencing market perceptions and potentially driving similar strategies among other companies.
Metaplanet, a Tokyo-based investment firm, plans to raise up to ¥555 billion via equities. This aligns with their strategy to expand their Bitcoin reserves.
CEO Simon Gerovich revealed the plan, highlighting the issuance of up to 555 million shares. The goal is to hold 1% of Bitcoin’s supply by 2027. Simon Gerovich, CEO, Metaplanet, “Our goal is to increase our position to 210,000 BTC by the end of 2027, representing about 1% of Bitcoin’s total supply.”
¥555 Billion Equity Raise to Acquire 1% of Bitcoin
Metaplanet, a Tokyo-based investment firm, plans to raise up to ¥555 billion via equities. This aligns with their strategy to expand their Bitcoin reserves.
CEO Simon Gerovich revealed the plan, highlighting the issuance of up to 555 million shares. The goal is to hold 1% of Bitcoin’s supply by 2027. Simon Gerovich, CEO, Metaplanet, “Our goal is to increase our position to 210,000 BTC by the end of 2027, representing about 1% of Bitcoin’s total supply.”
Market Reacts to Metaplanet’s Ambitious Bitcoin Acquisition
On announcement days, Metaplanet’s stock experienced volatility, with short-term drops followed by eventual recovery.
The initiative could have far-reaching financial implications, establishing BTC as a recognized institutional asset, potentially prompting other firms to adopt similar strategies.
Unique Preferred Shares Strategy to Bolster Asian Markets
Metaplanet’s strategy mirrors MicroStrategy’s Bitcoin accumulation. Their approach, using preferred shares, is unique in the Asian market.
Experts from Kanalcoin suggest this move could influence Asian markets significantly, solidifying Bitcoin’s status amidst institutional investors.
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