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HomeBitcoinJapanese Giant’s $745M Bitcoin Gambit Revealed: The Hidden Playbook Rivaling MicroStrategy

Japanese Giant’s $745M Bitcoin Gambit Revealed: The Hidden Playbook Rivaling MicroStrategy

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  • Metaplanet seeks $745M via stock rights for Bitcoin, mimicking MicroStrategy’s Asian-market corporate crypto play.
  • Corporate Bitcoin adoption grows as public firms balance market volatility with inflation-hedge treasury strategies.

Metaplanet, a Japanese public company mirroring MicroStrategy’s Bitcoin acquisition strategy, announced plans to raise over 100 billion yen (approximately $745 million) through stock subscription rights. 

Continuing with our conversation on ETHNews about Metaplanet, the funds will target additional Bitcoin purchases, positioning as one of Asia’s largest corporate acquisitions of the cryptocurrency.

The announcement, shared by crypto journalist Colin Wu, follows Metaplanet’s December 2024 issuance of bonds worth 4.5 billion yen ($30 million), which directly funded Bitcoin reserves.

MicroStrategy, the U.S.-based firm led by Michael Saylor, continues to dominate Bitcoin accumulation. This week, it disclosed a $1.1 billion purchase, marking its twelfth consecutive weekly buy. 

The company now holds 471,107 BTC, valued near $47 billion at current prices. Earlier, MicroStrategy revealed plans to redeem over $1 billion in convertible bonds by 2027, aiming to reduce debt obligations while maintaining its Bitcoin-focused treasury strategy.

Metaplanet’s approach mirrors MicroStrategy’s model

Leveraging financial instruments to secure capital for cryptocurrency investments. By issuing 21 million new subscription rights at a 0% discount rate, the Japanese firm seeks liquidity without immediate dilution. 

This method contrasts with traditional equity raises, offering investors direct exposure to Bitcoin’s price movements through corporate holdings. Analysts note that such strategies hinge on Bitcoin’s long-term appreciation to offset fundraising costs.

Meanwhile, MicroStrategy’s consistent purchases underscore a calculated bet on Bitcoin as a reserve asset. The firm’s bond redemption plan, though accelerating debt repayment, reflects confidence in its ability to manage liabilities alongside growing crypto reserves. Both companies operate under a shared thesis: institutional adoption of Bitcoin as a hedge against inflation and currency devaluation.

BTCUSDT_2025-01-28_11-13-28
Source: Tradingview

The current price of Bitcoin (BTC) is $102,682 USD, reflecting a 0.82% increase over the past 24 hours but a -1.66% decline over the past 7 days. Bitcoin remains the top cryptocurrency by market capitalization, which stands at $2,034,774,684,713 USD, with a circulating supply of 19.8 million BTC and a maximum supply cap of 21 million BTC.

Bitcoin’s 24-hour trading volume is approximately $46,324,994,044 USD, though this represents a 29.50% decrease compared to the previous day, signaling a potential decline in trading activity. Despite this, Bitcoin continues to hold its dominance, accounting for 55.8% of the cryptocurrency market’s capitalization.

Historically, Bitcoin reached an all-time high of $108,786 USD on January 20, 2025. The current price is about 5.62% lower, reflecting a minor correction from recent highs. Conversely, Bitcoin’s all-time low was $67.81 USD, recorded on July 6, 2013, making the current price an extraordinary 151,305.19% increase from its lowest point.

Disclaimer: ETHNews does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. ETHNews is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.
Isai Alexei
Isai Alexei
As a content creator, Isai Alexei holds a degree in Marketing, providing a solid foundation for the exploration of technology and finance. Isai's journey into the crypto space began during academic years, where the transformative potential of blockchain technology was initially grasped. Intrigued, Isai delved deeper, ultimately making the inaugural cryptocurrency investment in Bitcoin. Witnessing the evolution of the crypto landscape has been both exciting and educational. Ethereum, with its smart contract capabilities, stands out as Isai's favorite, reflecting a genuine enthusiasm for cutting-edge web3 technologies. Business Email: [email protected] Phone: +49 160 92211628
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