Japanese investment firm Metaplanet has secured $515 million through the issuance of 54 million new shares, exclusively allocating the capital to expand its Bitcoin reserves. The company aims to hold 30,000 BTC by the end of this year, with a long-term target of accumulating 100,000 BTC – nearly 0.5% of Bitcoin’s total supply.
This strategic move aligns Metaplanet with corporations like MicroStrategy in adopting Bitcoin as a core treasury reserve asset. The decision is driven by Bitcoin’s scarcity, its narrative as an inflation hedge, and concerns about currency debasement.
Metaplanet’s equity-based accumulation approach differs from methods employed by other firms such as MicroStrategy and Tesla, which have utilized corporate cash reserves or debt financing. The expansion underscores growing institutional acceptance of Bitcoin as a treasury management solution amid macroeconomic uncertainties.