Publicly traded company Metaplanet has significantly increased its Bitcoin reserves, now holding a total of 17,595 BTC valued at approximately $2.02 billion. The company concurrently announced a substantial $3.73 billion perpetual preferred stock offering exclusively dedicated to funding further Bitcoin acquisitions.
This aggressive accumulation strategy forms part of Metaplanet’s ambitious goal to hold 210,000 BTC, representing 1% of Bitcoin’s total supply, by 2027. Based on its current holdings, Metaplanet has achieved approximately 8.4% of this target.
The company’s approach mirrors strategies employed by other major institutional players known for large-scale Bitcoin purchases, such as MicroStrategy. Metaplanet CEO Simon Gerovich emphasized that the perpetual preferred stock offering is a strategic financial tool designed to maximize long-term shareholder value. This offering might also yield an annual dividend of up to 6%.
Looking beyond simple asset holding, Metaplanet detailed plans to leverage its Bitcoin reserves as collateral. The company intends to use this strategy to acquire cash-flowing assets and facilitate expansion into other business sectors, adding a yield-generation element to its Bitcoin treasury strategy.