#MetaplanetBTCPurchase Japanese investment firm Metaplanet has set an ambitious goal to acquire 210,000 BTC by 2027, aiming to hold approximately 1% of Bitcoin’s total supply.

Recently, Metaplanet expanded its Bitcoin holdings by purchasing 1,112 BTC for about $117.2 million, reaching a total of 10,000 BTC this year through strategic capital market tools.

According to CEO Simon Gerovich, Metaplanet’s approach mirrors that of MicroStrategy, positioning itself as a publicly traded Bitcoin proxy in Asia while leveraging bond issuances and equity offerings to fund acquisitions.

Metaplanet targets 210,000 BTC by 2027, expanding its Bitcoin treasury through bond sales and equity issuance, positioning as Asia’s leading public Bitcoin proxy.

Metaplanet’s Strategic Bitcoin Accumulation and Capital Market Initiatives

In a significant move within the crypto investment landscape, Metaplanet has announced the acquisition of 1,112 BTC for approximately $117.2 million, bringing its total Bitcoin holdings to 10,000 BTC. This milestone aligns with the company’s 2024 target and reflects its broader strategy to accumulate a substantial Bitcoin treasury. The acquisition was funded in part by a $210 million bond issuance approved by Metaplanet’s board, marking the 18th series of ordinary bonds issued by the firm. These bonds, issued to Cayman Islands-based EVO Fund, carry no interest and mature in December, demonstrating Metaplanet’s innovative use of capital market instruments to finance its Bitcoin purchases.

Capital Market Tools Fueling Bitcoin Growth

Metaplanet’s bond issuance is a key component of its capital strategy, designed to provide liquidity for Bitcoin acquisitions without diluting shareholder value through traditional equity sales alone. The company also announced plans to raise up to $5.3 billion by issuing 555 million new shares, further bolstering its capacity to increase Bitcoin holdings.