Metaplanet Unveils Ambitious Bitcoin Acquisition Plan, Targeting 21,000 BTC by 2026
Metaplanet, a Tokyo-listed company, announced on Tuesday its “21 Million Plan,” a major strategy to acquire Bitcoin as part of its corporate treasury. The initiative aims to build the company’s holdings to 10,000 BTC by the end of 2025 and 21,000 BTC by 2026. This bold move positions Metaplanet to become one of the largest corporate Bitcoin holders globally.
The company’s assets, valued at over $180 million as of Wednesday, will be used to support this initiative. The “21 Million Plan” also involves the issuance of 21 million shares via moving strike warrants, raising an estimated 116.65 billion yen (around $740 million), making it one of the largest Bitcoin-related equity capital raises in Asia.
To protect shareholder value, the plan includes an exercise price set at 100% of the previous day’s closing price, thus mitigating dilution often seen with traditional warrants.
Metaplanet’s strategy also targets a quarterly Bitcoin yield of 35%. The company achieved a remarkable 309.82% BTC yield in Q4 2024, following a 41.7% yield in Q3 2024, confirming the success of its acquisition approach, according to company statements.
“BTC Yield is the cornerstone of our strategy and the ultimate measure of our success,” said Dylan LeClair, Director of Bitcoin Strategy at Metaplanet. “We don’t measure performance in fiat currencies like the yen or the dollar—our benchmark is Bitcoin itself.”
LeClair emphasized the company’s commitment to accumulating Bitcoin rather than selling, stating, “Our mission is to maximize Bitcoin per share for our shareholders. Bitcoin is not just an asset; it’s the exit strategy. We’re here to accumulate and lead, not sell.”
Following the announcement, Metaplanet’s shares saw a 5% increase on Wednesday.
