Japanese investment firm Metaplanet has received shareholder approval for a bold strategy to accumulate 210,000 Bitcoin by the end of 2027, a target representing approximately 1% of Bitcoin's total supply. The announcement, made just before Christmas 2025, outlines a phased approach mirroring MicroStrategy's famous accumulation strategy but leveraging Japanese capital markets.
The company's "555 Million Plan" involves five strategic proposals, including capital stock shifts to surplus accounts for dividends and buybacks. According to CEO Simon Gerovich, the plan sets specific milestones: achieving 30,000 BTC in 2025, 100,000 by fiscal year 2026, and the full 210,000 by fiscal year 2027. The warrants for this ambitious accumulation are valued at approximately $5.4 billion.
Metaplanet's Bitcoin journey began in April 2024 when it pivoted to Bitcoin as its primary treasury reserve asset. Since then, the company has grown its holdings exponentially: from 8,888 BTC in June 2025 to over 17,000 by August, surpassing 20,000 in September, and reaching 30,823 BTC at the time of the announcement.
Meanwhile, Bitcoin's price remains below the $90,000 psychological barrier, trading at $87,472 as of December 25, 2025. The market faces additional pressure with approximately $30.3 billion in BTC options expiring, with most call options struck far above spot price—including large clusters near $100,000 and even $200,000—now facing near-certain expiry losses. Spot Bitcoin ETFs have recorded another day of net outflows, with holiday trading conditions contributing to the subdued market activity.
In broader market movements, the cryptocurrency sector showed mixed performance over the past 24 hours. While Bitcoin edged up 0.19% to reclaim $87,000, Ethereum slipped 0.39% but remained near $3,000. Investors appeared to be rotating selectively into higher-beta tokens such as those in the AI, DeFi, and select Layer 1 sectors, while Layer 2 and PayFi sectors experienced mild declines.
