Share this article

Japan’s Metaplanet Plans to Buy 21,000 Bitcoin by 2026

The “21 Million Plan” comprises the issuance of 21 million shares via moving strike warrants and represents Asia’s largest-ever equity capital raise for Bitcoin with a target of 16.65 billion yen.

Jan 29, 2025, 8:13 a.m.
japanese yen (Pixabay)
japanese yen (Pixabay)

What to know:

  • Tokyo-listed Metaplanet Inc today said it would accumulate 10,000 bitcoin (BTC) by the end of 2025 and 21,000 bitcoin by the end of 2026.
  • "We’re here to accumulate and lead, not sell,” the company said in a release.


Tokyo-listed Metaplanet said on Tuesday that it would accumulate 10,000 by the end of 2025 and 21,000 bitcoin by the end of 2026 as part of a corporate treasury plan.

The strategy is designed to establish Metaplanet as one of the world's largest corporate holders of bitcoin, the company said. It holds over $180 million worth of asset as of Wednesday, data shows.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters

The so-termed "21 Million Plan” — a likely nod to bitcoin’s total supply — involves issuing 21 million shares via moving strike warrants to raise approximately 116.65 billion yen (or nearly $740 million at current exchange rates), marking one of the largest equity capital raises for bitcoin in Asia.

This plan aims to protect shareholder value by setting the exercise price at 100% of the previous day's closing price, avoiding the dilution often seen with traditional warrants.

Advertisement

Metaplanet targets an expected 35% BTC Yield each quarter. It achieved a 309.82% BTC Yield for Q4 2024 following a 41.7% BTC Yield in Q3 2024 — a move that proves its acquisition strategy was on the right path, per the release.

“BTC Yield is the foundation of our strategy and the ultimate measure of our success,” said Dylan LeClair, Director of Bitcoin Strategy at Metaplanet. “We don’t measure performance in fiat currencies like the yen or the dollar—our benchmark is Bitcoin itself.”

“Our mission is to maximize bitcoin per share for our shareholders. Bitcoin is not just an asset; it’s the exit strategy. We’re here to accumulate and lead, not sell,” LeClair added.

Shares of Metaplanet closed 5% higher on Wednesday.

More For You

Exchange Review - March 2025

Exchange Review March 2025

CoinDesk Data's monthly Exchange Review captures the key developments within the cryptocurrency exchange market. The report includes analyses that relate to exchange volumes, crypto derivatives trading, market segmentation by fees, fiat trading, and more.

需要了解的:

Trading activity softened in March as market uncertainty grew amid escalating tariff tensions between the U.S. and global trading partners. Centralized exchanges recorded their lowest combined trading volume since October, declining 6.24% to $6.79tn. This marked the third consecutive monthly decline across both market segments, with spot trading volume falling 14.1% to $1.98tn and derivatives trading slipping 2.56% to $4.81tn.

  • Trading Volumes Decline for Third Consecutive Month: Combined spot and derivatives trading volume on centralized exchanges fell by 6.24% to $6.79tn in March 2025, reaching the lowest level since October. Both spot and derivatives markets recorded their third consecutive monthly decline, falling 14.1% and 2.56% to $1.98tn and $4.81tn respectively.
  • Institutional Crypto Trading Volume on CME Falls 23.5%: In March, total derivatives trading volume on the CME exchange fell by 23.5% to $175bn, the lowest monthly volume since October 2024. CME's market share among derivatives exchanges dropped from 4.63% to 3.64%, suggesting declining institutional interest amid current macroeconomic conditions. 
  • Bybit Spot Market Share Slides in March: Spot trading volume on Bybit fell by 52.1% to $81.1bn in March, coinciding with decreased trading activity following the hack of the exchange's cold wallets in February. Bybit's spot market share dropped from 7.35% to 4.10%, its lowest since July 2023.

More For You

This article is created to test tags being added to image overlays

Consensus 2025: Zak Folkman, Eric Trump

Dek: This article is created to test tags being added to image overlays

需要了解的:

  • Ethena's USDe becomes fifth stablecoin to surpass $10 billion market cap in just 609 days, while Tether's dominance continues to slip.