Metaplanet’s Wild Bitcoin Gamble: 100,000 BTC and a Mountain of New Shares

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Ah, the sweet scent of ambition in the air… Metaplanet, the Tokyo-based company with dreams as big as their Bitcoin holdings, has just gone full throttle. Forget the modest goal of 21,000 BTC by 2026. As of June 6, they’re sitting on 8,888 BTC and, in a stunning display of hubris or genius (you decide), they now aim for 100,000 BTC by the end of 2026. Quite the leap, isn’t it? 💸

The mastermind behind this audacious plan, CEO Simon Gerovich, is pulling all the strings. He’s not just sitting back and hoping for Bitcoin to moon. Oh no, he’s taking drastic action—issuing up to 555 million new shares. Yes, you read that right. 555 million! The shares will fund this Bitcoin-buying spree, which spans about 18 months and aims to snag a cool 91,112 more BTC.

So, let’s recap: Metaplanet’s original target? 21,000 BTC. Their new target? A modest little 100,000 BTC. How are they going to get there? By scooping up 1,088 BTC on June 2, bringing them to 8,888 BTC. Well, we all know that it’s not about how you start, but how you finish… unless you crash and burn along the way. 🚀

*Metaplanet Issues 555 Million Shares of Moving-Strike Warrants, Expected Proceeds: ~$5.4b to Buy Additional $BTC; Largest Stock Acquisition Rights Issuance in Japan Capital Markets History & 1st Moving Strike Warrant Ever Issued Above Market*

— Metaplanet Inc. (@Metaplanet_JP) June 6, 2025

Why The Sudden Bitcoin Frenzy?

According to Gerovich, it’s all about the shifting tides of the global economy. “Safe” assets like long-term government bonds? Nah, they’re going out of fashion. Gold? Hitting record highs, apparently. As Gerovich points out, Bitcoin’s scarcity and ease of transfer are drawing attention. The problem is, the world seems to be in financial chaos, with sovereign debt skyrocketing and trade policies flipping like a pancake. It’s like watching a bad soap opera, except with billions of dollars at stake.

*Metaplanet Announces Accelerated 2025-2027 Bitcoin Plan*

*Targeting 210,000 $BTC by 2027*

— Metaplanet Inc. (@Metaplanet_JP) June 6, 2025

So, what does Metaplanet do in the face of all this economic drama? Bet it all on Bitcoin, of course. Because when other assets look shaky, why not throw your money into something even shakier? 🍿

Issuing Shares To Fund Bitcoin Buys

In order to fund this wild Bitcoin acquisition plan, Metaplanet is pushing 555 million new shares onto the market. Because, clearly, who doesn’t love a good dilution? Under the original “21 million plan,” they already had 210 million shares lined up for their Bitcoin obsession. But, hey, why not go big or go home?

What does this mean for shareholders? Well, it’s a gamble, my friends. If Bitcoin stumbles, those 555 million new shares might not look so hot. But if Bitcoin’s price skyrockets? Suddenly, those shares might seem like a ticket to the moon. It’s the ultimate “ride or die” investment strategy. 📈💥

Aiming For The 1% Club

Now, let’s talk about Metaplanet’s true ambitions. By 2027, Gerovich has set his sights on a lofty goal: owning 1% of all Bitcoin. That’s right, folks—100,000 BTC would place Metaplanet firmly in the so-called “1% Club.” And you thought you had financial problems! 😜

According to some snazzy reports from Standard Chartered Bank, only 61 out of 124 public companies holding Bitcoin have managed to grab a combined 3.2% of the total supply. So Metaplanet, with its grand ambitions, would be a standout—if they can pull it off. But timing is everything, especially when buying in bulk can push the price of Bitcoin higher. No pressure, right?

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2025-06-07 04:16