Metaplanet Unveils Aggressive Bitcoin Acquisition Plan Through New Securities

Metaplanet JP3481200008

The Japanese firm often dubbed the country's "MicroStrategy" is accelerating its corporate strategy. Metaplanet has initiated a new phase in its Bitcoin accumulation plan, announcing a series of complex capital measures designed to massively expand its holdings. The ambitious model, centered on a new class of "MARS" preferred shares, now faces the test of securing lasting investor confidence.

Market response to Monday's announcement was favorable, with Metaplanet's share price advancing 3.31% to 406 Japanese Yen (JPY). The company currently holds a treasury of approximately 30,823 Bitcoin, valued at nearly $2.8 billion. Its aggressive expansion blueprint aims to add 70,000 BTC to its reserves within the coming year, targeting a total of 100,000 Bitcoin by 2026.

To finance this growth, the company has completed a comprehensive refinancing operation. This technical move involved canceling old share subscription rights and issuing new series directly to the EVO FUND. This clears the path for the core of the new strategy: the issuance of "Monthly Adjustable Rate Securities" (MARS). CEO Simon Gerovich has openly drawn inspiration from similar U.S. models. These instruments are intended to offer investors monthly dividends with lower volatility, while providing Metaplanet with fresh capital for additional Bitcoin purchases—ideally without causing significant dilution for existing common shareholders.

Execution Hinges on Shareholder Vote and Bitcoin's Price

Analysts view the revised capital structure as a necessary lever to fund such rapid growth. However, the strategy carries inherent risks. With a reported average entry price of around $108,000 per Bitcoin, the company is currently sitting on unrealized losses, as Bitcoin has recently been trading near the $91,000 level.

The critical next step is an extraordinary general meeting scheduled for late December. Shareholder approval for the new share classes is required. If secured, implementation in the first quarter of 2026 could act as a catalyst for the stock. From a technical analysis perspective, the share price must defend the psychologically important 400 JPY level. Ultimately, the long-term success of the entire model remains inextricably linked to a recovery in Bitcoin's price above the company's average cost basis.