Metaplanet boosts its Bitcoin stash to 17,595 BTC worth $2.02B, showing strong commitment to reaching 1% of total BTC supply by 2027.
The $3.73B perpetual preferred stock offering signals Metaplanet’s bold strategy to fund BTC buys without debt or share dilution.
CEO Simon Gerovich plans to leverage Bitcoin as collateral to acquire real, cash-flowing businesses in digital banking and finance.
Metaplanet has just shaken up the Bitcoin market again. The Tokyo-based firm acquired 463 BTC worth $54 million at $116,773 per coin. This latest buy pushes Metaplanet’s total holdings to 17,595 BTC, valued around $2.02 billion. The company, led by Simon Gerovich, is now 8.4% toward its goal of acquiring 210,000 BTC—equal to 1% of Bitcoin's total supply—by 2027.
The firm’s August purchase follows a major wave of corporate accumulation. In late July alone, 16 companies collectively added $7.8 billion in crypto to their treasuries.
Metaplanet Adopts Aggressive Bitcoin Funding Strategy
To fuel its Bitcoin expansion, Metaplanet announced a $3.73 billion perpetual preferred stock offering on Friday. This financial tool allows long-term funding without diluting common shares or adding debt. It mirrors Michael Saylor’s strategy at MicroStrategy, which used similar instruments to buy 628,700 BTC.
Gerovich confirmed this direction on X, stating, “Our goal is to have multiple tools to raise capital for buying Bitcoin.” He added, “Issuing perpetual preferreds is a highly accretive tool designed to maximize long-term shareholder value.”
Besides, the new stock could offer up to a 6% annual dividend, depending on demand and market conditions.
Beyond Bitcoin Holding: Turning Crypto Into Cash Flow
Moreover, Metaplanet plans to use its Bitcoin holdings as collateral to acquire cash-generating businesses. Gerovich told the Financial Times the firm wants to expand into digital banking and financial services.
He described this strategy as a “Bitcoin gold rush,” emphasizing the desire to boost company revenue through strategic acquisitions. Gerovich clarified, “The firm won’t use convertible debt like Strategy.” He also confirmed, “We don’t plan to sell our holdings but will continue to buy more.”
While Metaplanet’s stock dropped 4.7%, confidence in the firm’s vision remains.
Consequently, the number of Bitcoin-holding companies surged to 162 from 112 in May. Metaplanet now ranks among the top 10 BTC-holding public firms, trailing names like MARA, XXI, and Trump Media.
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