Metaplanet’s Bitcoin bets are getting bigger and bigger – here’s changing
Tokyo-based company Metaplanet has pushed its Bitcoin purchase target toward early plans. As of June 6, the company held 8,888 BTC. Now, it expects to hold 100,000 BTC by the end of 2026. This is a big leap compared to the old target of 21,000 BTC on the same date.
CEO Simon Gerovich said Metaplanet will issue up to 555 million new shares to support this driver. The program covers about 18 months and will require approximately 91,112 BTC purchases.
According to the report, Metaplanet’s earlier goal is to have 21,000 BTC by the end of 2026. Now, Gerovich said they will target 100,000 BTC. The company has announced that it will buy 1,088 BTC on June 2, with holdings reaching 8,888 BTC.
*Metaplanet issue 555 million shares of mobility arrest warrants, estimated earnings: ~$5.4B purchase additional $ btc;The largest stock acquisition rights issue history and the first mobile strike order in Japan’s capital market* pic.twitter.com/zgwire3gmu
– Metaplanet Inc. (@metaplanet_jp) June 6, 2025
Reasons for positive actions
Gerovich pointed to the transformation of the global economy. Capital is leaving what used to be called “safety”, such as long-term government bonds, he said. He noted that gold had a record high against major currencies.
*Metaplanet announces acceleration of Bitcoin plan for 2025-2027*
*Target 210,000 $ btc By 2027* pic.twitter.com/xjku3j8apb
– Metaplanet Inc. (@metaplanet_jp) June 6, 2025
In an environment where sovereign debt is climbing and trade policy, the scarcity and easy transfer of Bitcoin have aroused people’s interests. According to him, these factors make Bitcoin a place where other assets feel unstable to flow. Whether it is correct, Metaplanet is struggling to bet on the attractiveness of Bitcoin.
Issuing shares to fund Bitcoin purchases
To collect cash from these purchases, Metaplanet will add 555 million shares to the market. According to the earlier “21 million plan,” the company already has 210 million shares for Bitcoin purchases.
555 million shares were added, representing a large dilution of the stock. Shareholders supporting the initial plan may be shaken if Bitcoin stumbles upon it. But if the value of Bitcoin climbs, those new shares can also rise. It’s a big gamble, with both sides having risks – market action and shareholder sentiment.
Targeting 1% of clubs
Gerovich also has a plan until 2027. By December 31, 2027, Metaplanet expects to hold more than 210,000 BTC. This will put them into what is called the “1% club”, which means they will account for at least 1% of the Bitcoin 21 million supply cap.
According to a report by Standard Chartered Bank, only 61 of the 124 listed companies holding Bitcoin have 3.2% of the total supply.
Metaplanet bids itself to stand out among public companies. However, collecting many coins will require careful timing, especially since buying in large quantities can increase the price.
Featured images from Unsplash, charts for TradingView
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