Metaplanet and Strategy Ramp Up Bitcoin Acquisition Plans

Two major players in the Bitcoin space, Metaplanet and Strategy, have announced significant expansions to their Bitcoin acquisition strategies. Both companies are seeking to increase their holdings of the cryptocurrency through substantial capital raises.

• Metaplanet is launching an offering of 555 million shares, valued at $5.4 billion, specifically to increase its Bitcoin holdings.
• Metaplanet has also revised its Bitcoin acquisition target, aiming for 210,000 BTC by 2027.
• Strategy has increased its share offering from $250 million to $1 billion, with the proceeds earmarked for Bitcoin purchases.

Metaplanet Aims for 1% of Bitcoin Supply

Japanese firm Metaplanet is aggressively pursuing Bitcoin accumulation. The company’s updated strategy involves acquiring Bitcoin through the issuance of 555 million shares, expected to generate $5.4 billion.

Metaplanet has entered into a purchase agreement with EVO FUND for what they describe as the “largest issuance of Share Acquisition Rights in the history of Japanese capital markets.”

This offering follows a previous announcement in May of a 210 million share capital plan. Metaplanet intends to use the funds raised to significantly increase its BTC holdings.

“On behalf of our shareholders, we will prudently and rapidly accumulate as much Bitcoin as possible,” Metaplanet stated in a recent filing.

The company has increased its Bitcoin target from 21,000 BTC by the end of 2026 to 100,000 BTC. Ultimately, Metaplanet aims to possess 1% of the total Bitcoin supply, approximately 210,000 BTC, by 2027. Currently, the company holds 8,888 Bitcoin, valued at $934 million.

Strategy Boosts Capital Plan for More Bitcoin

Strategy, already a major corporate holder of Bitcoin, is also expanding its Bitcoin holdings through a capital raise. The company has increased its offering of STRD shares from $250 million to $1 billion.

In a press release, Strategy announced that it would raise its offering of Series A perpetual preferred stock (STRD) to $85 per share. The company anticipates receiving approximately $979.7 million in proceeds, which it plans to use to further expand its Bitcoin holdings.

Strategy currently holds 580,955 BTC, acquired at an average price of $70,023 per Bitcoin.

Bitcoin is currently trading near $104,500, continuing its recovery after a brief dip below $101,000.

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