Metaplanet has unveiled a bold strategy to raise 555 billion yen ($3.5 billion) through Bitcoin-backed preferred shares, accelerating its journey toward holding 210,000 BTC by 2027 – equivalent to approximately 1% of Bitcoin’s total supply.
The issuance comprises two distinct classes: Class A ‘Non-Convertible’ shares valued at 277.5 billion yen and Class B ‘Convertible’ shares worth an equal amount. This structure aims to fund aggressive Bitcoin acquisitions while mitigating dilution for existing common shareholders.
Currently holding 17,132 BTC acquired at an average price of $114,964, Metaplanet has realized a 449.7% year-to-date return on its digital asset portfolio. The new targets represent ambitious expansion: holdings are slated to quintuple to 100,000 BTC by 2026 before reaching the milestone 210,000 BTC goal in 2027.
The preferred shares initiative enhances capital-raising flexibility and supports the firm’s long-term vision for Bitcoin as a strategic treasury reserve. By leveraging this financial instrument, Metaplanet strengthens its position to capture a significant portion of the cryptocurrency’s capped supply.