Key Points
- Metaplanet plans to acquire 100,000 BTC by 2026, aiming to join the top 1% of BTC holders.
- The firm has already achieved nearly 90% of its 10,000 BTC target for 2025.
Metaplanet, a former budget hotel operator turned top-performing Japanese stock, recently announced a $5.4 billion capital raising plan for Bitcoin (BTC). This news led to a significant increase in the firm’s stock, MTPLF, which closed last Friday’s trading session with gains of 26%, rising from $10.5 to $12.7.
Metaplanet’s Bitcoin Strategy
The company’s successful transition into a high-performing stock is credited to adopting a BTC corporate strategy, pioneered by Michael Saylor. The firm plans to execute its $5.4 billion BTC plan within 60 days. Currently, Metaplanet holds 8,888 BTCs, marking nearly 90% progress towards its 10k BTC target for 2025.
As part of its strategy for 2025-2027, Metaplanet aims to accumulate 100k BTC, which would place it among the top 1% of Bitcoin holders. This goal will be achieved by issuing over 500 million shares within the next year. Since the company started investing in Bitcoin last April, its stock MTPLF has surged by 100x. From April 2025 lows, the stock has rallied by over 630%, increasing from below $2 to over $11.
Bitcoin Interest in Japan
Interestingly, there has been a surge in BTC interest in Japan, which may be contributing to the stock’s impressive performance. Metaplanet’s CEO, Simon Gerovich, noted that Japanese traders have been using a tax-free platform to accumulate BTC. He stated, “Metaplanet was the #1 most bought stock last week via NISA accounts at SBI Securities, Japan’s largest online broker. Japanese investors are using NISA, a tax-free investment scheme, to get exposure to Bitcoin without paying capital gains tax.”
In Japan, unlike in the U.S, Bitcoin purchases do not attract tax liabilities, which may be acting as a positive catalyst. However, it’s important to note that while past performance can be indicative, it does not necessarily predict future results. Therefore, proper risk management is advised in response to changing market conditions.
