365Crypto
Metaplanet, often dubbed “Japan’s Strategy,” is going full Bitcoin. The company just threw out its old goal of 21,000 BTC and replaced it with a new one: 100,000 BTC by 2026.
Yep, you read that right. They currently hold 8,888 BTC. To hit 100K, they need to scoop up another 91,112 BTC in just 18 months.
Why the Rush?
CEO Simon Gerovich says the global economy is changing fast. Old-school “safe” assets like government bonds aren’t so safe anymore. Debt is piling up. Geopolitics are getting messy. Investors are fleeing to assets like gold — and now, Bitcoin.
Bitcoin, he says, is winning hearts because it’s rare, easy to store, easy to move, and doesn’t rely on middlemen. Makes sense.
How Will They Pay for It?
Simple: stocks. Metaplanet will issue up to 555 million new shares to raise funds. That’s on top of 210 million shares already out there. At current prices, they’re looking to raise ¥770.3 billion ($5.3B).
The 1% Club
If they stick to the plan, Metaplanet could hold over 210,000 BTC by 2027 — that’s 1% of Bitcoin’s total supply. Bold move? Absolutely. But they want in on the big game.
