Metaplanet Unveils $5.4 Billion Bitcoin Financing Plan in Asia

Metaplanet's ambitious strategy aims to significantly increase its Bitcoin holdings to over 210,000 BTC by 2027, amidst growing interest in digital assets in Japan.

BTC

185d ago

Summary

Metaplanet plans to raise $5.4 billion to acquire over 210,000 BTC by 2027, increasing its holdings from 8,888 BTC. This plan, known as the '555 Million Plan,' aims for 30,000 BTC by 2025 and 100,000 BTC by 2026, reflecting a strategic response to Japan's economic landscape and rising demand for Bitcoin among investors.

Terms & Concepts

BTC: The abbreviation for Bitcoin, the first and most widely recognized cryptocurrency.
Bitcoin supply: The total amount of Bitcoin that will ever exist, capped at 21 million coins.
floating strike warrants: A type of option that allows the holder to buy shares at a price determined by the stock's market price at the time of exercise.