Metaplanet’s Bold Strategy: A Billion-Dollar Bitcoin Bet Takes Shape

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Shareholders of the Japanese investment firm Metaplanet have granted full approval for an aggressive corporate strategy centered on cryptocurrency. The company's ambitious roadmap now officially targets an accumulation of 210,000 Bitcoin on its balance sheet by the year 2027.

To fund this substantial digital asset acquisition, Metaplanet's recent annual general meeting sanctioned key capital measures. The company is authorized to issue new Class A and B preferred shares with dividend rights and has doubled its capacity for issuing common stock. This structure is specifically designed to attract domestic and international institutional capital while mitigating immediate dilution for current shareholders. The firm's stated "North Star" objective is to build a Bitcoin reserve equivalent to approximately 1% of the global supply by the end of 2027.

Market observers are reacting with notable optimism to these plans. Analyst Hermes Lux has published projections indicating potential upside exceeding 400% for the coming year and as much as 1,500% by late 2027. These bullish scenarios, however, are contingent on two strict conditions: Bitcoin's price must appreciate by roughly 40% annually, and Metaplanet must successfully expand its holdings to 100,000 coins within the year 2026 alone. The company's current reserve stands at just over 30,800 BTC.

Tactical Pauses and Financial Fortification

Despite the long-term expansion agenda, operational activity has recently seen a deliberate slowdown. No new Bitcoin purchases have been executed since October 1, 2025. This tactical decision was driven by valuation considerations; when the firm's market capitalization temporarily fell below the Net Asset Value (NAV) of its holdings, management prioritized share buybacks and balance sheet optimization. The strategy proved effective. The valuation discount has reversed, with shares now trading at a premium of about 1.25x NAV, signaling restored investor confidence in leadership.

Financially, Metaplanet has built additional safeguards. Alongside the newly approved equity instruments, a $100 million credit facility—secured against the existing Bitcoin treasury—is available. This liquidity is intended to facilitate strategic purchases during periods of market weakness. While Bitcoin's price has recently stagnated near $87,300, failing to break key resistance levels, Metaplanet's equity demonstrated relative strength in December, outperforming the underlying digital asset.

All eyes are now on early 2026. The critical factor for resuming large-scale Bitcoin acquisitions will be the successful placement of the new preferred shares with institutional investors. Should the company secure this funding in the current market environment, it would possess the necessary liquidity to commence its ambitious schedule of adding roughly 70,000 BTC in the upcoming year.