Japan-based Metaplanet is planning to acquire 21,000 Bitcoin by 2026.

Metaplanet Unveils “21 Million Plan” to Acquire 21,000 Bitcoin by 2026

Metaplanet, a company listed on the Tokyo Stock Exchange, has launched its ambitious “21 Million Plan,” aiming to accumulate Bitcoin as a key component of its corporate treasury. Under this plan, the company targets acquiring 10,000 BTC by the end of 2025 and expanding its holdings to 21,000 BTC by the end of 2026, aiming to become one of the largest corporate Bitcoin holders globally.

To fund this bold strategy, Metaplanet will issue 21 million shares through moving strike warrants, with the goal of raising around 116.65 billion yen (roughly $740 million). This fundraising effort stands as one of the largest equity capital raises related to Bitcoin in Asia.

The plan features a protective measure for shareholders, setting the exercise price at 100% of the previous day’s closing price to avoid the dilution risks typically associated with traditional warrants.

Metaplanet has set an ambitious goal of achieving a 35% quarterly BTC yield. The company’s acquisition strategy has already proven successful, with a remarkable 309.82% BTC yield in Q4 2024, following a 41.7% yield in Q3 2024.

“BTC Yield is the foundation of our strategy and the true measure of our success,” explained Dylan LeClair, Director of Bitcoin Strategy at Metaplanet. “We do not measure our performance in fiat currencies like yen or dollars—our benchmark is Bitcoin itself.”

LeClair further emphasized the company’s long-term focus, stating, “Our mission is to maximize Bitcoin per share for our shareholders. Bitcoin is more than just an asset; it’s our exit strategy. We’re here to accumulate and lead in the space, not to sell.”

Following the announcement, Metaplanet’s stock rose 5% on Wednesday.