- Metaplanet aims to acquire 210,000 BTC by 2027.
- CEO Simon Gerovich leads the initiative.
- Stock surged amid Japanese bond market shifts.
Metaplanet, a Tokyo-listed investment firm, announced an ambitious plan to raise $5.4 billion to acquire 210,000 Bitcoin by 2027 under CEO Simon Gerovich’s leadership.
The planned acquisition emphasizes Metaplanet’s strategy to mirror MicroStrategy’s Bitcoin investment in Asia, capitalizing on market volatility.
The Tokyo-based investment firm Metaplanet, led by CEO Simon Gerovich, unveiled a plan to raise $5.4 billion through issuing 555 million shares. The goal is to purchase 210,000 Bitcoin, representing around 1% of the total Bitcoin supply. This initiative positions Metaplanet as a significant player in the Bitcoin investment sphere.
Metaplanet’s strategy mirrors the well-known Bitcoin investment approach of MicroStrategy in the U.S. The firm is seeking to raise capital through a warrant-based structure to conduct acquisitions over the next two years. Gerovich stated:
Asia’s largest-ever equity raise to buy Bitcoin — again!
The announcement led to a stock price surge for Metaplanet, as investors see the stock as a Bitcoin proxy amidst domestic Japanese bond market volatility. Metaplanet’s goal of accumulating such a significant amount of Bitcoin underscores a shift where listed companies offer stock as a gateway to cryptocurrency exposure.
Metaplanet’s capital raise and Bitcoin acquisition strategy emerge as a significant development in the context of traditional and crypto financial markets. This strategic move boosts the firm’s positioning in Asia and provides further momentum to Bitcoin as an investment vehicle (MetaPlanet launches Japan’s largest stock warrant deal for Bitcoin).
