Japanese publicly traded company Metaplanet has disclosed an ambitious blueprint to acquire an additional 169,823 Bitcoin (BTC), a move that would bring its total holdings to 210,000 BTC and secure approximately 1% of Bitcoin’s fixed maximum supply of 21 million coins. The announcement, detailed by Director of Bitcoin Strategy Dylan LeClair, marks a dramatic escalation of the firm’s treasury strategy and places it alongside heavyweights like Strategy (formerly MicroStrategy) in the corporate Bitcoin accumulation race.
Metaplanet currently holds roughly 40,000 BTC. The revised plan, approved by the board, sets a target of 210,000 BTC by the end of 2027, implying purchases of around 170,000 coins over the next 18 months. LeClair stated directly, “Our target is 1% of the Bitcoin supply,” reinforcing a philosophy focused on increasing Bitcoin per share rather than fiat-denominated returns.
To finance the massive buying program, Metaplanet intends to leverage equity issuance, preferred shares, warrants, and other capital market instruments, avoiding reliance solely on operational cash. The company earlier launched a major equity financing initiative designed to accelerate Bitcoin accumulation while minimizing shareholder dilution. This approach mirrors the playbook of Strategy Executive Chairman Michael Saylor, who has long championed Bitcoin as a superior corporate treasury asset.
The plan signals intensifying competition among institutional Bitcoin treasuries. With a finite supply and a growing share held by long-term investors, a single buyer absorbing nearly 170,000 BTC could materially reduce exchange liquidity, potentially exerting upward price pressure and reinforcing Bitcoin’s narrative as a non-sovereign store of value. It also underscores a broader Asian corporate adoption trend, with Japanese firms like Metaplanet and SBI Holdings increasingly integrating digital assets into their financial strategies amid yen depreciation and a low-interest-rate environment.
