Connect with us

Hi, what are you looking for?

Metaplanet
Metaplanet

Cryptocurrency

Metaplanet seeks $745 million to build bitcoin holdings in an ambitious strategy

Japanese corporation Metaplanet intends to fund $745 million to buy Bitcoin as part of a strategy to increase its position in the digital asset market, with the objective of owning 21,000 BTC by 2026.

Metaplanet, a publicly traded Japanese corporation, plans to raise around $745 million to acquire more Bitcoin. To finance its Bitcoin purchases, the company issued 21 million shares of zero-discount strike warrants, making it the largest capital increase in Asia’s equities markets.

This move is consistent with Metaplanet’s overall goal to fight Japan’s falling yen and cement its position as a leader in Bitcoin adoption. Metaplanet’s ambitious aim is for a total of 21,000 BTC by 2026, with the first phase focusing on obtaining 10,000 BTC by late 2025.

The company’s president, Simon Gerovich, stressed that Metaplanet is presenting itself as Tokyo’s leading Bitcoin startup, hoping to spearhead Japan’s Bitcoin rebirth. He expressed optimism that the company’s approach will not only improve its financial position but also make it one of the world’s largest corporate Bitcoin holders.

Metaplanet’s involvement with Bitcoin began in April 2024, when it first added it to its treasury. Since adopting Bitcoin as a fundamental asset, the company has experienced exponential development, with remarkable dividends from its Bitcoin holdings and an increase in shareholder numbers. With these strategic efforts, Metaplanet hopes to position itself as a prominent player in the global cryptocurrency industry.

author avatar
Contributor
We welcome Aspiring writers who are passionate about crypto and involved in it to join the Unbiased and Upright 4C Media Co. with a goal to spread knowledge and be a reliable source of crypto news updates.
Advertisement

You May Also Like

Business

A legal dispute has broken out over the US Treasury Department purportedly giving Elon Musk's Department of Government Efficiency (DOGE) unprecedented access to sensitive...

Business

Blocksquare has established a pioneering real estate tokenization framework in Luxembourg that combines blockchain technology with land registries to provide legally binding property rights....

Business

Telegram's choice to exclusively use The Open Network (TON) blockchain for Web3 services has sparked discussion in the crypto world. While some see it...

Cryptocurrency

Semler Scientific, a healthcare technology corporation, has increased its Bitcoin portfolio by purchasing 871 BTC for $88.5 million. With this transaction, the corporation now...

polkadot
Polkadot (DOT) $ 4.69 1.50%
bitcoin
Bitcoin (BTC) $ 97,718.18 1.43%
ethereum
Ethereum (ETH) $ 2,758.13 2.03%
cardano
Cardano (ADA) $ 0.731943 3.46%
xrp
XRP (XRP) $ 2.41 1.83%
stellar
Stellar (XLM) $ 0.330243 2.26%
litecoin
Litecoin (LTC) $ 104.55 2.93%