Metaplanet Secures ¥10 Billion
Metaplanet, a leading Tokyo-based Japanese company, has just completed its recent stock rights offering to raise ¥10b ($65m) in order to bolster an aggressive Bitcoin buying strategy. The firm remains committed to its goal of becoming a major holder in the #1 cryptocurrency and has strong shareholder support for their BTC-centric financial innovation.
Strong Subscription with Broad Shareholder Participation
With over 13,700 individual and corporate shareholders subscribing to Metaplanet’s 11th stock purchase rights offering as part of the financing for its Bitcoin strategy… Investors evidently continue to support Metaplanet’s strategy of countering global economic risks by erecting a sizable Bitcoin war chest since the stock rights exercise rate sits at 72.8%.
So did institutional investors, among them global asset manager BlackRock, which has $11 trillion in assets under management. Another institutional player, EVO FUND, pledged to exercise the remaining unexercised stock rights.
Expanding Bitcoin Holdings
These stock rights should yield money to use by purchasing more Bitcoin. After developing a soft spot for Bitcoin back in May 2024, Metaplanet has been buying more and more of the cryptocurrency slowly but surely, about ¥1 billion worth at a time. Metaplanet was listed on the Tokyo PRO Market, which is part of the TSE Mothers Index as of October 15th, with additional corporate BTC purchases totalling slightly more than ¥8B (107BTC) into its existing total funds.
With this latest move, Metaplanet ranks among the top three corporate Bitcoin holders in APAC and remains a leading player within the crypto market. Metaplanet has long been described as the “Asian MicroStrategy,” in reference to how Metaplanet copies Michael Saylor (CEO of US-based NASDAQ-listed business intelligence firm MICROSTRATEGY), one of Bitcoin’s premier corporate treasury asset proponents, always following much more aggressive/company-centric BTC-buying strategies.
Institutional Support Drives Confidence in Bitcoin Strategy
The institutional backing from BlackRock and EVO FUND, along with widespread shareholder support, highlights the confidence investors have in Metaplanet’s leadership and vision. CEO Simon Gerovich expressed gratitude to the shareholders for their commitment, emphasising that this milestone strengthens Metaplanet’s mission of becoming a leading Bitcoin treasury company.
“We would like to thank all shareholders for their invaluable support and contribution, which strengthens Metaplanet’s mission of becoming a leading Bitcoin treasury company,” Gerovich said in a statement following the sale.
Surviving Bitcoin Market Volatility
Even if the current price of Bitcoin has fluctuated from over $69,000 to as low as $67,587 just recently, Metaplanet continues unfazed by it, considering retracements in prices simply allow buying opportunities for them at more attractive levels. Cramer/Marcus Ruskin The company still sees Bitcoin as a hedge against economic fragility over the long haul and an additional avenue for financial expansion in the future.
The Future is Bright for Metaplanet and Bitcoin
The growing Bitcoin reserve strategy of Metaplanet is just a small example of a larger wave sweeping corporations aiming to diversify their balance sheets with cryptocurrency assets. The fundraise itself, a ¥10 Bn check from one of the largest new swaths of uncapped capital structure on earth, confirms they are serious about becoming some of the world’s biggest Bitcoin holders, and their emergence as an event that moves markets in our coverage area indicates this party is only getting started.
With the support of its shareholders and institutional investors, Metaplanet is poised to continue growing exposure in Bitcoin over the next several months using market volatility as an opportunity establishing itself completely as a major player within crypto. Backed with a unique strategic vision and global institutional interest in Bitcoin, the company may be poised for an even grander scale of acquisitions ahead as Metaplanet continues its expansion across digital finance.
