When it comes to buying Bitcoin - Japan's "MicroStrategy" has its own 21 million plan.

A publicly traded Japanese company known as "Asia's MicroStrategy," Metaplanet, is seeking over 116 billion yen ($745 million) in order to increase its Bitcoin holdings.

The business declared on January 28 that it had issued 21 million shares via moving strike warrants, which provide investors the ability to purchase stock at variable exercise prices. The share price of Metaplanet's offering is fixed at the full closing value on the pricing day, in contrast to the usual practice of issuing such warrants at a discount.

 

According to the business, this is the biggest capital raising for Bitcoin purchases in Asian equities markets.

After revealing a 308% BTC return in Q4 2024, Metaplanet has set the lofty target of consuming 21,000 Bitcoin by 2026.

According to the organization, this is the biggest capital raising for Bitcoin purchases in Asian equities markets.

After revealing a 308% BTC return in Q4 2024, Metaplanet has set the lofty target of consuming 21,000 Bitcoin by 2026. Since implementing MicroStrategy's Bitcoin blueprint in April 2024, the firm has accumulated 1,761 Bitcoin, with ambitions to increase that figure to 10,000 by the end of 2025.

Metaplanet is the fifteenth-largest publicly traded Bitcoin investor worldwide, according to Bitcoin Treasuries. With 21,000 Bitcoin, the Japanese company would surpass Riot Platforms as the third-largest corporate Bitcoin holding in the world according to current rankings.

With 471,107 Bitcoin valued at $49.6 billion, MicroStrategy continues to occupy the unchallenged top spot in corporate Bitcoin holdings. Over the course of the week, it added 10,107 more Bitcoin at a price of almost $1.1 billion. It has revealed its own "21/21 plan," which calls for raising $21 billion in fixed-income securities and $21 billion in equity.