- Japan’s Metaplanet is seeking to raise $62 Million to increase its Bitcoin reserves by issuing stock acquisition rights.
- The firm aims to increase its cryptocurrency holdings and protect against Yen depreciation by focusing on Bitcoin.
- In 2024, Metaplanet’s stocks have increased significantly. That demonstrated growing investor trust in its emphasis on Bitcoin.
Japanese investment company Metaplanet has announced issuing Stock Acquisition Rights (SAR) to the EVO Fund to raise $62M. By doing so, the firm wants to expand its Bitcoin holdings further.
This move reflected the company’s strategic decision. It wants to reduce its reliance on the depreciating Japanese Yen and double down on Bitcoin’s long-term growth potential.
Beginning December 16, Metaplanet will offer 29,000 SAR units at 614 Yen each. Each unit would grant the EVO Fund the option to purchase 100 company shares. This capital infusion will be directed entirely towards increasing Metaplanet’s portfolio as part of its “Bitcoin-first” strategy.
Metaplanet aims to boost its holdings while minimizing exposure to the country’s weakening Yen. This follows a similar move in October when the firm raised $66 Million via a stock sale. Most of these were directed toward purchasing Bitcoin.
Looking ahead, Metaplanet plans to use a mix of debt and periodic stock issuances to expand its Bitcoin holdings further. The firm has also secured licensing rights to launch Bitcoin Magazine in Japan.
That underscores its commitment to strengthening the country’s Bitcoin ecosystem. If the firm successfully raises the full $62 Million, it could acquire an additional 652 Bitcoin. This could happen based on current market prices.
Why Bitcoin Acquisition through Stock Scheme?
Metaplanet emphasized Bitcoin price‘s rising prominence, especially after hitting a record high of $99,645.39 on November 22. Often dubbed “Asia’s MicroStrategy,” the firm has built the largest Bitcoin reserve in Japan.
This latest initiative aligns with Metaplanet’s vision of transforming into a “Bitcoin-first” treasury management firm. That solidified its commitment to cryptocurrency.
“We are prioritizing a Bitcoin-first, Bitcoin-only approach to treasury management. We have made it clear that we intend to utilize debt and periodic stock issuance to systematically increase our Bitcoin holdings while reducing exposure to a depreciating yen,” stated the company in its press release.
Metaplanet’s approach also takes into account Japan’s challenging economic landscape. The ongoing Yen depreciation and inflation have driven the urgency behind its Bitcoin-centric treasury shift.
From December 16 to June 16, 2025, the stock acquisition rights will be accessible. This could happen if Japan’s Financial Instruments and Exchange Act authorizes this.
The raised funds are planned for use between December 2024 and mid-2025. Most are allocated to acquiring Bitcoin, and a smaller portion is allocated to operational costs.
Additionally, the firm has put its “metaverse-related business plans” on hold due to a lack of profitability prospects. Instead, the firm focuses on Bitcoin purchases as part of its long-term corporate strategy.
Public Firms Continue to Buy More BTC & Metaplanet Shines Among Them
Publicly listed companies are ramping up their Bitcoin investments, and Metaplanet’s bold strategy is proving successful. With its stock surging by 1343% this year-to-date, the company’s aggressive Bitcoin acquisitions are attracting investor attention.
Metaplanet has made multiple stock sales this year to bolster its Bitcoin holdings. It has joined a growing number of public companies betting on cryptocurrency.
It’s not alone in its strategy, as MicroStrategy, the largest institutional Bitcoin holder, recently purchased $5.4 billion worth of BTC. That marked its third major acquisition this month.
This move has contributed to a 450% increase in MicroStrategys stock. That propelled it into the top 100 US public companies. Similarly, Chinese company SOS Limited invested $50 Million in Bitcoin, causing its stock to double. Marathon Digital also raised $1 Billion through convertible notes.
As the Bitcoin price exceeds $99,000, more firms increase their purchases. They view the asset as a hedge against inflation and a long-term growth opportunity.
Multiple Opinions Of Experts Regarding BTC Price Predictions
Bitcoin traders are preparing for potential volatility. Reports have indicated a significant disruption on Wall Street could affect the market in the coming year. Crypto mogul Michael Novogratz has cautioned that Bitcoin’s price could dip to $80,000 before it begins to bounce back.
“There’s a lot of leverage in the system,” said Novogratz, CEO of Galaxy Digital, in a recent CNBC interview. “The crypto market is stretched thin, so a correction is likely.”
Novogratz anticipated that the Bitcoin price would stabilize at around $80,000. It maintained That price level before the Trump administration’s crypto-friendly policies took effect.
He highlighted that many officials from that era were strong Bitcoin supporters. This may bode well for continued backing of digital assets.
Despite short-term uncertainties, Novogratz is optimistic about Bitcoin’s long-term prospects. He even forecasted it would eventually exceed $100,000. However, it could experience a temporary dip after reaching that threshold.
“There’s not much supply right now,” he explained, adding that the market is still in a phase of price discovery.
Bitcoin and other crypto prices surged following Donald Trump’s election victory. Many in the industry anticipated a more relaxed regulatory environment under his leadership. Dan Morehead, the founder of Pantera, predicted Bitcoin could reach as high as $740,000 by April 2028. This is further fueling the industry’s bullish outlook.
This would push Bitcoin’s market cap to $15 Trillion. That figure, he argues, is within reach when compared to the $500 Trillion global financial market.
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
