Metaplanet Inc., a rapidly expanding Tokyo-based company specializing in Bitcoin (BTC) strategy, has confirmed the completion of its 12th series stock acquisition rights exercise. The announcement stated that all the unused rights, totaling 29,000 and representing approximately 2.9 million shares, were fully exercised by EVO FUND.
In summary, Metaplanet successfully secured a total of ¥9.5 billion in bond sales, with ¥4.5 billion coming from the 4th series and an additional ¥5 billion from the 5th series. These funds have been allocated to bolster their Bitcoin strategy that was initiated in early 2024, which currently holds approximately 1,762 Bitcoins worth about $98,704 each. This strategy has seen a daily volatility of 1.0% and boasts a market capitalization of around $1.95 trillion, with a 24-hour trading volume of $29.85 billion.
Metaplanet, one of the world’s 15 largest publicly traded companies, has significantly increased its value due to its ownership of Bitcoins. In the past year alone, its net worth has skyrocketed to over ¥126 billion as mentioned in this latest update. Additionally, the company experienced a remarkable surge in its stock market performance in 2024, with its shares rallying an impressive 20 times, largely due to their aggressive Bitcoin acquisition strategy.
By the end of 2024’s fourth quarter, our company experienced a substantial increase of over 309% in Bitcoin Yield growth, primarily due to strategic Bitcoin purchases. Since listing on OTCQX towards the end of last year, we have been actively tapping into various global financial markets for capital. Apart from debt and equity sales, we are also involved in hotel management and creating unique Bitcoin-oriented business sectors. This multifaceted approach strengthens our Bitcoin strategy and benefits our shareholders by offering more value.
As an analyst, I can share that by the year 2025, our strategic focus at Metaplanet will be on reinforcing and broadening our involvement with Bitcoin. Following this strategy, our CEO, Simon Gerovich, aims to significantly increase our Bitcoin holdings, striving to accumulate approximately 10K Bitcoins by the end of that year. This ambitious goal will be achieved by actively pursuing various opportunities for growth in the Bitcoin sector.
Greetings Esteemed Shareholders! As we cross the threshold into 2025, I find myself brimming with anticipation for what the future holds for Metaplanet. The year that’s just passed was nothing short of transformative, marked by record-breaking achievements, an augmented Bitcoin treasury, and a strengthened foothold as Asia’s preeminent Bitcoin Treasury. Here’s to an even more prosperous journey ahead!
— Simon Gerovich (@gerovich) January 5, 2025
Market Impact of Metaplanet’s Bitcoin Strategy
Metaplanet’s Bitcoin strategy owes much to a comparable approach taken by MicroStrategy Inc (NASDAQ: MSTR), who currently hold over 2% of the total Bitcoin supply. This has led many other global companies to consider adopting a similar Bitcoin strategy as a means of protection against growing inflation and ongoing devaluations of fiat currencies.
Under the anticipated strategic plans of the upcoming Donald Trump administration regarding Bitcoin, it’s expected that the circulating supply of Bitcoins will continue to decrease substantially. Currently, the amount of Bitcoin available on centralized exchanges is approximately 2.21 million, which is less than what was available a year ago, over 2.72 million.
Consequently, the value of Bitcoin appears poised to persist in an upward trajectory due to the significant interest from institutional investors. From a technical perspective, Bitcoin’s price seems ready to move into the explosive stage of the 2024-2025 cryptocurrency market surge.
The surge past the 50-day Moving Average and trading over $99K on Monday has given a fresh boost to the optimistic viewpoint. But, for the main coin to really negate any imminent retreat, it needs to consistently finish above the resistance at $99.5K in the coming days.
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2025-01-06 14:12