Key Points
- Metaplanet Inc. has successfully completed its ¥9.5 billion ($62M) financing plan to purchase more Bitcoin (BTC).
- The company’s valuation has grown significantly due to its strategic Bitcoin acquisitions and it plans to expand its Bitcoin strategy in 2025.
Metaplanet Inc., a rapidly expanding company utilizing Bitcoin (BTC) for strategic transformation, has confirmed the completion of the 12th series stock acquisition rights exercise. It was revealed that all 29k unexercised rights, corresponding to 2.9 million shares, were fully exercised via the EVO FUND.
The company raised a total of ¥9.5 billion in bonds, including ¥4.5 billion from the 4th series and ¥5 billion from the 5th series. These funds were utilized to bolster its Bitcoin strategy, which commenced in early 2024 and has since accumulated approximately 1,762 BTCs.
Metaplanet’s Exponential Growth
As the 15th largest publicly traded company in the world holding Bitcoins, Metaplanet’s valuation has seen exponential growth in the past year, reaching a net valuation of over ¥126 billion. The company’s stock market surged over 20x in 2024 due to relentless Bitcoin accumulation.
In the final quarter of 2024, Metaplanet achieved a Bitcoin Yield growth of over 309 percent, bolstered by strategic Bitcoin acquisitions. The company has also been tapping into more global capital markets since its listing on OTCQX late last year. Besides debt and equity issuances, Metaplanet is also involved in hotel management and the development of Bitcoin native business lines to strengthen its BTC strategy and provide more value to shareholders.
Future Plans
In 2025, the company plans to focus on strengthening and expanding its Bitcoin strategy. Simon Gerovich, the CEO of Metaplanet, has revealed plans to increase the company’s Bitcoin trove to 10K in 2025 by exploring various opportunities.
The success of Metaplanet’s Bitcoin strategy is heavily influenced by a similar approach by MicroStrategy Inc (NASDAQ: MSTR), which currently owns more than 2 percent of the total supply. Consequently, more companies worldwide are likely to adopt a similar Bitcoin strategy to hedge against rising inflation and ongoing fiat devaluations.
With the upcoming Donald Trump administration likely to adopt a strategic Bitcoin reserve, the overall supply of BTCs available for sale will continue to significantly diminish. As of this writing, the overall supply of Bitcoin on centralized exchanges (CEXes) stood at around 2.21 million, down from over 2.72 million a year ago.
As a result, Bitcoin price is well positioned to continue in a rising trend backed by the high demand from institutional investors. From a technical analysis standpoint, Bitcoin price is on the cusp of entering the parabolic phase of the 2024/2025 crypto bull run.
The recent rebound above the 50-day Moving Average (MA) to trade above $99K earlier on Monday rejuvenated the bullish outlook. However, the flagship coin must consistently close above the resistance level of $99.5K to invalidate potential retrace in the near term.
