Metaplanet Announces Bold “21 Million Plan” to Secure 21,000 Bitcoin by 2026
Metaplanet, a publicly traded company in Tokyo, has revealed its ambitious “21 Million Plan,” aiming to build a significant Bitcoin position as part of its corporate treasury strategy. The company plans to acquire 10,000 BTC by the end of 2025 and increase that to 21,000 BTC by 2026, positioning itself as one of the largest Bitcoin holders among corporations worldwide.
To finance the initiative, Metaplanet will issue 21 million shares through moving strike warrants, aiming to raise 116.65 billion yen (around $740 million). This represents one of the largest equity capital raises related to Bitcoin in Asia.
The plan includes a safeguard for investors, setting the exercise price at 100% of the prior day’s closing price, which will help prevent dilution often associated with traditional warrants.
Metaplanet is targeting a 35% quarterly Bitcoin yield, having already achieved an impressive 309.82% BTC yield for Q4 2024, following a 41.7% yield in Q3 2024, validating the effectiveness of its acquisition strategy.
“Our BTC Yield is the cornerstone of our strategy and the primary measure of our success,” said Dylan LeClair, Director of Bitcoin Strategy at Metaplanet. “We don’t assess our performance in fiat currencies like yen or dollars; our benchmark is Bitcoin.”
LeClair emphasized the company’s mission, adding, “Our goal is to maximize Bitcoin per share for our shareholders. Bitcoin isn’t just an asset—it’s our exit strategy. We’re focused on accumulating and leading, not selling.”
In response to the announcement, Metaplanet’s stock saw a 5% increase on Wednesday.
