Metaplanet, also known as Japan’s Strategy, has updated its Bitcoin acquisition plans to acquiring 100,000 BTC by the end of 2026.
Metaplanet on June 6 posted its new Bitcoin (BTC) plan, increasing its previous target of 21,000 BTC.
“Our previous target — to hold 21,000 BTC by the end of 2026 — has now been dramatically revised upward. We now aim to hold 100,000 BTC by that time,” Metaplanet CEO Simon Gerovich said in an announcement posted on X.
Metaplanet holds 8,888 BTC following its latest 1,088 BTC acquisition announcement on June 2. The new target means it is committing to buy at least 91,112 BTC in the next 18 months.
“Safe assets” aren’t safe anymore
Metaplanet’s rush to buy more Bitcoin is a response to economic developments worldwide and changes in the global financial system.
According to the Metaplanet CEO, the global economy is undergoing a “structural transformation from a traditional supply structure centered on capital and labor to a new economic foundation driven by information technology.”
The situation is further exacerbated by “postwar monetary regime” implications such as geopolitical risks, trade policy shifts and growing concerns over accumulated sovereign debt.
“In this environment, capital has begun flowing out of assets previously considered safe, such as long-term government bonds. Gold has been revalued to record-high levels against major currencies,” Gerovich said in the statement, adding:
“Against this backdrop, the strategic importance of Bitcoin — an asset characterized by high scarcity, ease of custody and transfer, and the absence of credit intermediaries — is rapidly gaining recognition.”
555 million plan is the new 21 million plan
To fund the purchases, Metaplanet has decided to issue stock acquisition rights, enabling the issuance of up to 555 million shares aimed at acquiring Bitcoin.
The new 555 million shares will join the 210 million shares already issued under the 21 million plan. According to the statement, Metaplanet expects to raise a total of 770.3 billion Japanese yen ($5.32 billion), based on the initial exercise price of 1,388 yen ($9.6).
Related: South Korean media firm to raise $500M for Bitcoin treasury
“By the end of 2027, we aim to hold over 210,000 BTC, thereby entering the so-called ‘1% Club,’ referring to entities holding at least 1% of Bitcoin’s 21 million supply cap,” Gerovich said.
Metaplanet’s accelerated Bitcoin push came shortly after Standard Chartered Bank warned on the potential risks stemming from the rising Bitcoin treasury strategy adoption among public companies.
According to the bank, 61 out of the total 124 public companies that have invested in Bitcoin own a combined 3.2% of the 21 million Bitcoin that will ever exist.
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