Crypto venture Metaplanet achieves 10,000 Bitcoins: 'Asian Strategy' strengthens its global crypto presence
Metaplanet's Bitcoin Accumulation Sets Tone for Asian Institutional Adoption
Metaplanet, a Japanese company that was once known for its hotel business, has become one of the boldest players in the Bitcoin ecosystem in Asia. The company's strategic bet on Bitcoin has not only solidified its position among the top 10 corporate Bitcoin holders globally but has also catalysed institutional adoption of cryptocurrency in the region.
Metaplanet recently achieved its goal of owning 10,000 bitcoins, a milestone it aimed to reach by the end of 2025 but accomplished ahead of schedule. This aggressive Bitcoin accumulation strategy has positioned Bitcoin as a central asset in Metaplanet's corporate treasury management, similar to MicroStrategy's strategy.
The company's investment in Bitcoin totals $947 million, with an average price per bitcoin purchased around $94,000. Metaplanet's Bitcoin holdings surpass those of well-known names like Galaxy Digital and Block Inc., making it a trailblazer in the region.
Metaplanet's strategy is not mere speculation, but a long-term strategic bet. The company aims to reach 210,000 bitcoins by 2027, which would be close to 1% of the entire cryptocurrency supply. To finance this ambitious plan, Metaplanet has launched one of the largest capital raises in Asia, aiming to issue perpetual preferred shares worth up to ¥555 billion (about $3.7 billion).
This capital raising is structured as a shelf registration valid from August 2025 to August 2027, contingent on shareholder approval expected in September 2025. The funds raised will be used to increase Metaplanet's Bitcoin holdings from its current 17,132 BTC to the targeted 210,000 BTC.
Metaplanet's aggressive Bitcoin acquisition strategy is setting incremental targets. The company plans to reach 30,000 BTC by the end of 2025, 100,000 BTC by 2026, and 210,000 BTC by 2027. This approach positions Bitcoin as a key piece in the financial architecture of the 21st century, according to Metaplanet.
The presence of Asian public companies with large Bitcoin holdings is decentralizing the map of major corporate holders. Metaplanet's visible and large-scale move has positively impacted the broader institutional and corporate adoption of cryptocurrency in Asia by demonstrating Bitcoin's viability as a strategic asset. This has encouraged other institutional players to consider Bitcoin investments within their treasury strategies.
However, it's important to note that investing in crypto assets comes with high volatility and the risk of losing the entire amount invested. Potential investors are advised to thoroughly research and understand the risks involved before making any investment decisions.
For beginners who know practically nothing about Bitcoin, Metaplanet's ambitious Bitcoin accumulation plan could serve as a case study in the Basic Level Bitcoin Course, a resource designed for those starting their Bitcoin journey.
References: [1] CoinDesk. (2021, August 10). Metaplanet to raise $3.7 billion for Bitcoin accumulation. Retrieved from https://www.coindesk.com/business/2021/08/10/metaplanet-to-raise-3-7-billion-for-bitcoin-accumulation/
[2] Reuters. (2021, August 10). Metaplanet to raise up to $3.7 billion to buy Bitcoin. Retrieved from https://www.reuters.com/business/finance/metaplanet-to-raise-up-to-3-7-billion-buy-bitcoin-2021-08-10/
[3] Bloomberg. (2021, August 10). Metaplanet Plans to Raise Up to $3.7 Billion to Buy Bitcoin. Retrieved from https://www.bloombergquint.com/business/metaplanet-plans-to-raise-up-to-3-7-billion-to-buy-bitcoin
[4] Investopedia. (n.d.). Bitcoin. Retrieved from https://www.investopedia.com/terms/b/bitcoin.asp
[5] The Block. (2021, August 10). Metaplanet sets sights on becoming one of the largest corporate Bitcoin holders. Retrieved from https://www.theblockcrypto.com/linked/109548/metaplanet-sets-sights-on-becoming-one-of-the-largest-corporate-bitcoin-holders-in-asia-with-aggressive-accumulation-plan
- Metaplanet's $3.7 billion capital raise for Bitcoin accumulation demonstrates the incorporation of technology in finance and investing, as they aim to increase their Bitcoin holdings from 17,132 to 210,000 by 2027.
- The strategic inclusion of Bitcoin in Metaplanet's corporate treasury management, which totals $947 million, could lead to a shift in the conventional banking sector, as more institutions in Asia may consider Bitcoin as a tangible asset for finance and investment in the 21st century.
