Metaplanet’s Bitcoin Bet Just Got Bigger—Here’s What Changed

Metaplanet, a Tokyo-based firm, has pushed its Bitcoin purchase goal far beyond earlier plans. As of June 6, the company holds 8,888 BTC. Now, it wants to hold 100,000 BTC by the end of 2026. That’s a big leap from its old aim of 21,000 BTC for that same date.

According to the CEO, Simon Gerovich, Metaplanet will issue up to 555 million new shares to back this drive. The plan covers about 18 months and will require buying roughly 91,112 more BTC.

Based on reports, Metaplanet’s earlier target was to own 21,000 BTC by late 2026. Now, Gerovich says they will aim for 100,000 BTC instead. The company already announced buying 1,088 BTC on June 2, bringing holdings to 8,888 BTC.

*Metaplanet Issues 555 Million Shares of Moving-Strike Warrants, Expected Proceeds: ~$5.4b to Buy Additional $BTC; Largest Stock Acquisition Rights Issuance in Japan Capital Markets History & 1st Moving Strike Warrant Ever Issued Above Market* pic.twitter.com/ZgwiRE3GmU

— Metaplanet Inc. (@Metaplanet_JP) June 6, 2025

Reasons Behind The Aggressive Move

Gerovich has pointed to shifts in the global economy. He says capital is leaving assets once called “safe,” like long-term government bonds. Gold, he notes, has hit record highs against major currencies.

*Metaplanet Announces Accelerated 2025-2027 Bitcoin Plan*

*Targeting 210,000 $BTC by 2027* pic.twitter.com/xJKu3J8Apb

— Metaplanet Inc. (@Metaplanet_JP) June 6, 2025

In an environment where sovereign debt is climbing and trade policies are in flux, Bitcoin’s scarcity and easy transfer are drawing interest. According to him, these factors make Bitcoin a likely place for money to flow when other assets feel shaky. Whether that’s right or not, Metaplanet is betting hard on Bitcoin’s appeal.

Issuing Shares To Fund Bitcoin Buys

To gather cash for these purchases, Metaplanet will push 555 million more shares onto the market. Under the earlier “21 million plan,” the company already had 210 million shares lined up for Bitcoin buys.

Adding 555 million more shares represents a massive dilution of stock. Shareholders who backed the initial plan might waver if Bitcoin stumbles. But if Bitcoin’s value climbs, those new shares could also rise in worth. It’s a big gamble with risks on both sides—market moves and shareholder sentiment.

Aiming For The 1% Club

Gerovich also laid out a plan through 2027. By December 31, 2027, Metaplanet hopes to hold over 210,000 BTC. That would place them in the so-called “1% Club,” meaning they’d hold at least 1% of Bitcoin’s 21 million supply cap.

Based on reports from Standard Chartered Bank, only 61 of 124 public companies that hold Bitcoin own a combined 3.2% of its total supply.

Metaplanet’s bid to grab 1% on its own would stand out among public firms. But collecting that many coins will require careful timing, especially as large purchases can push prices higher.

Featured image from Unsplash, chart from TradingView