In a significant milestone for institutional Bitcoin adoption, Tokyo-based investment firm Metaplanet has accumulated a staggering 2,100 BTC, now holding 0.01% of the total 21 million bitcoins that will ever exist. The company’s aggressive acquisition strategy, dubbed the “21 million plan,” signals a growing trend of corporations adding digital assets to their treasuries.
Metaplanet’s Bitcoin Buying Spree
Metaplanet’s journey to 2,100 bitcoins has been marked by a series of high-profile purchases. Most recently, the firm acquired an additional 68.59 BTC for $6.6 million, at an average price of $96,335 per coin. This latest buy solidifies Metaplanet’s position as one of the largest known corporate holders of Bitcoin, alongside MicroStrategy and Tesla.
The company’s commitment to accumulating BTC is part of a broader strategy to provide investors with exposure to the digital asset class. As CEO Ryosuke Ikeda explained in a recent interview:
We believe Bitcoin is more than just a speculative asset. It represents a fundamental shift in the way we think about money and store value in the digital age. By adding BTC to our treasury, we aim to not only protect our assets from currency debasement but also to support the development of a more open, transparent, and resilient financial system.
– Ryosuke Ikeda, Metaplanet CEO
Funding the 21 Million Plan
To finance its ambitious Bitcoin acquisition plan, Metaplanet has been actively raising capital through equity sales. In just the first two trading days after announcing the 21 million initiative, the company secured $20 million from eager investors, according to on-chain analyst Dylan Le Clair.
The strong investor demand for Metaplanet shares underscores a growing appetite for exposure to companies with substantial Bitcoin holdings. As more institutional players like Metaplanet enter the market, the “digital gold rush” could accelerate, potentially pushing the price of BTC to new heights.
Stock Split Signals Confidence
In a move that further demonstrates Metaplanet’s bullish outlook, the company announced plans for a 10-1 stock split, slated to take effect on April 1. This comes just eight months after a 1-for-10 reverse split, indicating a significant shift in sentiment.
Stock splits are often seen as a sign of confidence from management, as they make shares more accessible to a broader range of investors. By opting for a split, Metaplanet is signaling its belief in the long-term growth potential of both its business and the Bitcoin market at large.
Market Reaction and Outlook
News of Metaplanet’s milestone Bitcoin purchase and impending stock split has been well-received by the market. The company’s shares surged over 1% on the announcement, trading at 6,260 JPY at the time of writing. As more investors seek exposure to the burgeoning digital asset class, Metaplanet is positioning itself as a key player in the space.
Looking ahead, the company’s aggressive Bitcoin accumulation strategy could inspire other major firms to follow suit. As institutional adoption grows and regulatory clarity improves, the digital currency market may be poised for a new era of growth and mainstream acceptance.
For Metaplanet, the achievement of holding 0.01% of the total Bitcoin supply is a testament to its conviction in the transformative potential of blockchain technology and digital assets. As the company continues to execute its 21 million plan, it will be closely watched by investors and industry observers alike, eager to see how this bold bet on Bitcoin plays out in the months and years ahead.
