Tokyo-based firm Metaplanet has increased its Bitcoin purchase goal significantly, aiming to hold 100,000 BTC by the end of 2026 compared to its previous target of 21,000 BTC.
To achieve this, Metaplanet plans to issue 555 million new shares over the next 18 months, requiring the purchase of approximately 91,112 more BTC.
The CEO, Simon Gerovich, attributes this aggressive move to shifts in the global economy, with traditional 'safe' assets like long-term government bonds losing appeal, making Bitcoin's scarcity and ease of transfer more attractive.
Metaplanet also aims to hold over 210,000 BTC by the end of 2027, putting them in the '1% Club' of public companies holding Bitcoin, a goal that would require careful timing and significant investments.