The Japanese company Metaplanet has updated its Bitcoin acquisition plan, aiming to hold a total of 100,000 Bitcoins by the end of 2026.
Metaplanet announced the new Bitcoin acquisition plan on June 6, significantly raising its previous target of holding 21,000 Bitcoins by the end of 2026.
"Our previous target—holding 21,000 Bitcoins by the end of 2026—has now been significantly raised. Our current goal is to hold 100,000 Bitcoins at that time," said Metaplanet CEO Simon Gerovich in an announcement posted on the X platform.
After announcing the latest acquisition of 1,088 Bitcoins on June 2, Metaplanet currently holds 8,888 Bitcoins. This new target means the company commits to acquiring at least 91,112 Bitcoins over the next 18 months.
Metaplanet's accelerated Bitcoin purchasing actions are a response to global economic developments and changes in the international financial system.
According to the CEO of Metaplanet, 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 impacts of the "post-war monetary system," such as geopolitical risks, shifts in trade policies, and growing concerns over sovereign debt accumulation, have further exacerbated this situation.
"In this environment, capital has begun to withdraw from assets previously considered safe (such as long-term government bonds). The value of gold against major currencies has been re-evaluated to historical highs," Gerovich stated in the announcement, adding, "In this context, Bitcoin, as an asset with high scarcity, easy to store and transfer, and not reliant on credit intermediaries, is rapidly gaining strategic importance."
To fund these acquisitions, Metaplanet has decided to issue stock purchase rights, allowing for the issuance of up to 555 million shares for acquiring Bitcoins.
These 555 million new shares will be combined with the 210 million shares already issued under the previous plan to form the company's equity.
"By the end of 2027, we plan to hold over 210,000 Bitcoins, thereby entering the so-called '1% club,' which refers to institutions holding at least 1% of the total supply cap of 21 million Bitcoins," Gerovich said.
Metaplanet's accelerated Bitcoin strategy comes shortly after Standard Chartered warned of the potential risks for public companies adopting a Bitcoin reserve strategy.
According to the bank's data, among the 124 listed companies investing in Bitcoin, only 61 collectively own 3.2% of the permanent total of 21 million Bitcoins.
Related: Bitcoin (BTC) ETF experiences outflows amid the Trump-Musk dispute, market sentiment turns to panic.
Original article: “Japanese company Metaplanet plans to acquire 91,000 Bitcoins (BTC) in the next 18 months”
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