The Japan-based general investment company Metaplanet announced that it plans to strengthen its position in the cryptocurrency market by purchasing 21,000 bitcoins by 2026. This ambitious goal positions the company to become one of the largest bitcoin holders in the world.
According to a press release issued on January 28, Metaplanet intends to issue around 21 million shares to raise 116.65 billion Japanese yen. This capital increase is the largest of its kind in Asia to support investment in bitcoin.
An ambitious strategy to strengthen leadership in the bitcoin market Simon Gerovich, the company's representative director, stated that this move comes in response to the growing momentum around Metaplanet, adding: "The market has recognized Metaplanet as the leading bitcoin company in Tokyo, and we are leveraging this recognition to strengthen our position as a global leader."
Record performance in 2024 supports future plans Metaplanet experienced an exceptional year in 2024, achieving a record return on bitcoin investments of 309.82% in the fourth quarter alone. By the end of the year, the company held 1,761 bitcoins, with a total value exceeding 27.7 billion Japanese yen. The company also experienced unprecedented growth in its market value, which increased by 7,000% since adopting bitcoin standards. Its number of shareholders doubled to over 50,000 investors.
It is noted that through this ambitious strategy, the company aims to position itself as a global leader in the adoption and development of bitcoin investments, reflecting a significant evolution in the digital investment landscape in Asia and around the world.
