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Metaplanet Unveils 210,000 BTC Target by 2027

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Japan-based investment firm Metaplanet has unveiled plans to significantly expand its Bitcoin holdings to 210,000 BTC by the end of 2027. This staggering target represents a significant scale-up from its prior plan to acquire 21,000 BTC by 2026.

Metaplanet Expands Bitcoin Goal

In a recent disclosure, the firm referenced its “21 million plan for Bitcoin Accumulation in 2025-2026” announced earlier this year. According to Metaplanet, the plan has yielded results that exceeded their expectations. In fact, they expect to achieve the BTC goal ahead of schedule.

As a result, the company revised and formulated the “555 million plan: targeting 210 million BTC by 2025.” The latest goal highlights the firm’s deepening confidence and commitment to Bitcoin as a core asset amid shifting economic conditions.

“Under this new plan, we have significantly revised our previous Bitcoin holding target and the associated funding policy. Our new target is to hold over 210,000 Bitcoin by the end of 2027, which corresponds to approximately 1% of the total Bitcoin supply cap of 21,000,000 BTC,” Metaplanet stated.

The new aggressive goal signals that the firm is rapidly emerging as a leader in corporate Bitcoin treasury strategies. Currently, Metaplanet holds about 8,888 BTC valued at over $919 million, according to data from BitcoinTreasuries.

Metaplanet Issues Japan’s Largest Stock Rights Deal to Buy Bitcoin

Today, the investment firm issued 555 million shares worth of moving-strike warrants with the goal of raising approximately $5.4 billion. These proceeds will be used to purchase more Bitcoin as part of its high-conviction treasury strategy. The firm issued the 20th, 21st, and 22nd Series of Stock Acquisition Rights.

A moving-strike warrant adjusts the strike price based on a formula tied to the market price. In Metaplanet’s case, the strike price is likely set above the current market price, which signals the firm’s bullish outlook.

Notably, this is the largest issuance of stock acquisition rights in Japan’s history. It is also the first time moving-strike warrants, especially above market, have been issued in the country. Overall, Metaplanet’s recent moves reflect an impressive commitment to the largest crypto asset from a public company in Asia.

Meanwhile, Bitcoin trades at $103,577 at the time of writing, representing a 1.13% decline in the last 24 hours.

The post Metaplanet Unveils 210,000 BTC Target by 2027 appeared first on Cointab.

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