Over 13,000 Investors Back Metaplanet’s New Bitcoin Strategy
Japanese investment firm Metaplanet recently announced the issuance of Moving Strike Stock Acquisition Rights, aiming to raise ¥9.5 billion ($62 million) to accelerate its Bitcoin acquisition strategy. This unique financing mechanism allows investors to acquire company shares at predetermined prices, demonstrating Metaplanet’s innovative approach to building its cryptocurrency reserves.
Strong Institutional and Retail Backing
The fundraising campaign witnessed enthusiastic participation from over 13,700 investors, including global asset management giant BlackRock, highlighting significant institutional confidence in Metaplanet’s strategy. The initiative is part of the company’s broader mission to position itself as one of the top corporate holders of Bitcoin, mirroring the aggressive strategies of industry leaders like MicroStrategy.
Bitcoin Strategy Aims to Hedge Economic Instability
Metaplanet has positioned Bitcoin as a hedge against inflation and economic instability, amassing 861 BTC, valued at approximately ¥8 billion, since its initial investment in May 2024. CEOSimon Gerovich praised shareholders for their trust, stating: “This funding milestone reinforces our commitment to financial innovation and digital asset management.” The funds are earmarked for acquiring additional Bitcoin, leveraging current market volatility to secure assets at favourable rates.
Conclusion
Metaplanet’s ¥9.5 billion fundraising underscores its aggressive Bitcoin accumulation strategy, supported by strong institutional and retail investor confidence. The initiative aligns with the company’s goal of becoming a leading Bitcoin treasury in the Asia-Pacific region, reflecting the growing interest in cryptocurrencies as a financial hedge.
