Key Points
- Metaplanet Inc raises $26 million through the issuance of ordinary bonds to bolster its Bitcoin strategy.
- The company aims to accumulate at least 10K Bitcoins by 2025 and 21K by 2026.
Rapidly growing firm Metaplanet Inc, which has a Bitcoin treasury, has managed to raise approximately $26 million.
This was achieved through their 6th Series of Ordinary Bonds, working in conjunction with EVO FUND.
Metaplanet’s Bitcoin Strategy
Metaplanet has set a bold objective of amassing at least 10K Bitcoins by the close of 2025.
The company plans to utilize global capital markets, issuing bonds and acquiring stock rights, with the aim to gather at least 21k Bitcoins by the end of 2026.
Metaplanet cited Japan’s difficult economic climate, characterized by high debt levels, prolonged real negative interest rates, and persistent Yen depreciation, as the reason for strategically shifting its financial management approach to adopt Bitcoin as its primary reserve asset.
The company plans to use the raised funds to develop Bitcoin income-generating businesses.
Educating Japanese investors about the Bitcoin network through Bitcoin Magazine Japan is one of Metaplanet’s current investments.
The company also plans to establish The Bitcoin Hotel in Tokyo, which will include an art museum, Bitcoin gallery, and community spaces.
Metaplanet’s Influence on Bitcoin
Over the past year, Metaplanet has been closely following Strategy (NASDAQ: MSTR), formerly MicroStrategy, in an effort to accumulate as many Bitcoins as possible.
At present, Metaplanet holds approximately 1,762 Bitcoins, which accounts for about 10 percent of its total market capitalization.
Metaplanet is well-positioned to gather more Bitcoins in the near future, thanks to strong support from reputable institutional investors, such as Norges Bank from Norway, and Capital Group, with over $2.7 trillion in AUM.
The company’s success is expected to influence other firms to adopt Bitcoin as a strategic reserve asset.
In the past year, Metaplanet’s stock has rallied over 20x without a product in the global market, driven by its Bitcoin strategy.
The increasing demand for Bitcoin from institutional investors is expected to continue to fuel bullish sentiment in the long term.
According to market data from BitcoinTreasuries, 159 entities, primarily public companies, have accumulated over 3.1 million Bitcoins for their respective treasuries.
The United States is anticipated to adopt Bitcoin for its newly created sovereign wealth fund, leading more nation-states to follow suit.
The ongoing US-led global tariff wars have created uncertainties in macroeconomics, thus pushing investors towards Bitcoin.
As a result, the Bitcoin price is expected to benefit significantly from the rising supply vs demand shock amid the ongoing macro bull cycle.
From a technical analysis perspective, the Bitcoin price is likely to follow gold in the parabolic rally in the near future.
