- Metaplanet launches $3.7 billion stock offering for Bitcoin.
- Aiming for 210,000 BTC by 2027.
- Positions as leading institutional Bitcoin holder.
Metaplanet Inc., a Tokyo Stock Exchange-listed company, announced a $3.7 billion perpetual preferred stock issuance to expand its Bitcoin holdings significantly by 210,000 BTC by 2027.
This strategic move positions Metaplanet as a leading institutional Bitcoin holder, potentially impacting crypto markets by showcasing increased corporate adoption and innovative funding models.
Metaplanet Inc., based in Japan, announced a significant Bitcoin acquisition strategy, raising $3.7 billion through perpetual preferred stock. This strategy is aimed at scaling their Bitcoin holdings.
The company plans to reach 210,000 BTC holdings by 2027. Metaplanet’s board has unanimously approved the perpetual preferred share offering to support our global Bitcoin adoption strategy, leveraging advanced financial infrastructure for efficient and scalable treasury management.
This funding method is unique, diverging from strategies used by other corporations like MicroStrategy and Tesla. Metaplanet’s approach is noteworthy in the crypto investment space.
The perpetual preferred stock issuance will specifically focus on Bitcoin, with no involvement in Ethereum or altcoins. This decision positions Metaplanet as a major Bitcoin holder.
This move may influence both financial and market dynamics. Metaplanet’s strategy could inspire other institutions to adopt similar cryptocurrency acquisition models.
