Japan’s ‘MicroStrategy’ adopts own 21 million plan for Bitcoin purchases
Metaplanet, a publicly traded Japanese firm often called “Asia’s MicroStrategy,” is raising more than 116 billion yen ($745 million) to expand its Bitcoin holdings.
On Jan. 28, the company announced it had issued 21 million shares through moving strike warrants, which grant investors stock acquisition rights with adjustable exercise prices. While such warrants are typically issued at a discount, Metaplanet’s offering does not, setting the share price at the full closing value on the pricing date.
The company claims this is the largest capital raise in Asian equity markets dedicated to Bitcoin purchases.
Metaplanet has set an ambitious goal to gobble up 21,000 Bitcoin by 2026, after reporting a 308% BTC yield in Q4 2024. The company has amassed 1,761 Bitcoin since adopting MicroStrategy’s Bitcoin blueprint in April 2024 and plans to push that number to 10,000 by the end of 2025.
Metaplanet’s Bitcoin ambitions.
According to Bitcoin Treasuries, Metaplanet is the 15th-largest publicly traded Bitcoin investor globally. Under current rankings, 21,000 Bitcoin would help the Japanese firm leapfrog over Riot Platforms as the world’s third-largest corporate Bitcoin holder.
MicroStrategy remains the undisputed leader in corporate Bitcoin holdings, with 471,107 Bitcoin worth $49.6 billion. It added another 10,107 BTC at a price of approximately $1.1 billion throughout last week. It has announced its own “21/21 plan”, fundraising that targets $21 billion in equity and $21 billion in fixed-income securities.
Trump sends South Koreans to crypto exchanges
Lawmaker Lee Hunseung. (People Power Party)
South Korea’s five licensed cryptocurrency exchanges have reportedly seen a 4.5-fold surge in new account applications following Donald Trump’s victory over former Vice President Kamala Harris in the November US…
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