Metaplanet Sets Ambitious Goal to Acquire 21,000 Bitcoin by 2026 Through Major Capital Raise

Metaplanet, a Tokyo-listed company, has announced its “21 Million Plan,” a strategic move to acquire Bitcoin as part of its corporate treasury. The company aims to hold 10,000 BTC by the end of 2025 and expand its holdings to 21,000 BTC by the end of 2026, positioning itself as one of the world’s top corporate Bitcoin holders.

To finance this ambitious plan, Metaplanet will issue 21 million shares via moving strike warrants, raising an estimated 116.65 billion yen (approximately $740 million). This marks one of Asia’s largest-ever equity capital raises linked to Bitcoin.

The plan is structured to protect shareholder value by setting the exercise price at 100% of the previous day’s closing price, mitigating the dilution risks typical of traditional warrants.

Metaplanet has set an ambitious target of a 35% quarterly Bitcoin yield. The company exceeded this target with a 309.82% yield in Q4 2024, following a 41.7% yield in Q3 2024, signaling the effectiveness of its acquisition strategy.

“BTC Yield is our core strategy and the ultimate measure of our success,” stated Dylan LeClair, Director of Bitcoin Strategy at Metaplanet. “We measure performance in Bitcoin, not in fiat currencies like yen or dollar.”

LeClair emphasized the company’s long-term vision, adding, “Our goal is to maximize Bitcoin per share for our shareholders. Bitcoin isn’t just an asset—it’s the core of our exit strategy. We are focused on accumulation and leadership, not on selling.”

The announcement led to a 5% rise in Metaplanet’s stock on Wednesday.