Metaplanet Boosts Bitcoin Holdings to $159M Amid Japan’s Economic Struggles
Japanese listed company Metaplanet recently decided to increase its Bitcoin holdings as part of its strategy to manage economic challenges. The company raised 4 billion yen (approximately $2.639 million) by issuing general bonds to Evo Fund, a provider of debt and financing solutions. With that money, Metaplanet purchased 269.43 bitcoins, totaling 2,031.41 BTC, and currently priced at $96,000 per bitcoin, worth about $159 million.
Plans to buy more Bitcoin in the future
Metaplanet’s long-term goals for Bitcoin are clear. This purchase brought the company’s total Bitcoin holdings to 2,031.41 BTC, with an average purchase price of $78,000 per BTC and a total investment of $159 million.
At this rate, the company plans to raise 116.65 billion yen (about $746 million) between 2025 and 2026 to buy more Bitcoin. By the end of 2025, Metaplanet’s goal is to hold 10,000 BTC and grow that number to By the end of 2026, 21,000 BTC. To fund these purchases, Metaplanet reached an agreement with the EVO Fund called the “21 million Plan” that involved issuing 21 million shares to raise more Bitcoin.
Respond to Japan’s economic challenges
Metaplanet’s decision to invest more in Bitcoin was partly driven by Japan’s ongoing economic struggle. The country is dealing with negative interest rates, high levels of national debt and weakening of the yen. In this environment, Metaplanet sees Bitcoin as a secure asset Prevent inflation and the value of the yen from falling.
The company believes that increasing its Bitcoin holdings will help it withstand the pressure on Japan’s economy, thus ensuring long-term growth.
As Metaplanet said,
“By issuing these share acquisition rights and continuing to increase our Bitcoin holdings, we believe we can quarantine ourselves from the deterioration of the value of the yen, hedging inflation and achieving sustainable corporate value growth.”
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Who holds the highest BTC?
Metaplanet’s Bitcoin strategy is similar to Strategy (formerly a microcosm)a leading American company Company Bitcoin ACcromantic Go to the next level. The strategy holds more than $14.85 billion in unrealized profits from its BTC holdings, but reports a loss of $670.8 million in the fourth quarter of 2024, mainly due to its $1.01 billion impairment fees for Bitcoin. Still, the strategy remains the largest company in Bitcoin holders, betting on long-term growth.
Inspired by this, Metaplanet plans to increase its Bitcoin holdings to 10,000 BTC by 2025 Japan’s strict encryption regulations.
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FAQ
Metaplanet has 2,031.41 BTC worth approximately $159 million and plans to reach 10,000 BTC by 2025.
The “21M Plan” involves issuing 21M shares to raise funds, aiming to increase Metaplanet’s Bitcoin holdings to 21,000 BTC by 2026.
