Japan’s ‘Strategy’ Metaplanet to buy 91K Bitcoin in next 18 months

Japan’s “Strategy” Metaplanet has updated its Bitcoin acquisition targets to get a full of 100,000 BTC by the extremity of 2026.

Metaplanet connected June 6 posted its caller Bitcoin (BTC) acquisition plan, importantly raising its erstwhile people of 21,000 BTC by precocious 2026.

“Our erstwhile people — to clasp 21,000 BTC by the extremity of 2026 — has present been dramatically revised upward. We present purpose to clasp 100,000 BTC by that time,” Metaplanet CEO Simon Gerovich said successful an announcement posted connected X.

Metaplanet holds 8,888 BTC pursuing its latest 1,088 BTC acquisition announcement connected June 2. The caller people means the institution is committing to bargain astatine slightest 91,112 BTC successful the adjacent 18 months.

“Safe assets” aren’t harmless anymore

Metaplanet’s unreserved to bargain much Bitcoin is simply a effect to economical developments worldwide and changes successful the planetary fiscal system.

According to the Metaplanet CEO, the planetary system is presently going done a “structural transformation-from a accepted proviso operation centered connected superior and labour to a caller economical instauration driven by accusation technology.”

The concern is further exacerbated by “postwar monetary regime” implications specified arsenic geopolitical risks, commercialized argumentation shifts and increasing concerns implicit accumulated sovereign debt.

Source: Metaplanet

“In this environment, superior has begun flowing retired of assets antecedently considered safe, specified arsenic semipermanent authorities bonds. Gold has been revalued to record-high levels against large currencies,” Gerovich said successful the statement, adding:

“Against this backdrop, the strategical value of Bitcoin-an plus characterized by precocious scarcity, easiness of custody and transfer, and the lack of recognition intermediaries-is rapidly gaining recognition.”

555 cardinal program is the caller 21 cardinal plan

To money the purchases, Metaplanet has decided to contented banal acquisition rights, enabling the issuance of up to 555 cardinal shares aimed astatine acquiring Bitcoin.

The caller 555 cardinal shares volition articulation the 210 cardinal shares already issued nether the 21 cardinal plan.

Updated Metaplanet’s Bitcoin acquisition and output targets done 2027. Source: Metaplanet

Related: South Korean media steadfast to rise $500M for Bitcoin treasury

“By the extremity of 2027, we purpose to clasp implicit 210,000 BTC, thereby entering the alleged ‘1% Club,’ referring to entities holding astatine slightest 1% of Bitcoin's 21 cardinal proviso cap,” Gerovich said.

Metaplanet’s accelerated Bitcoin propulsion came soon aft Standard Chartered Bank warned connected the imaginable risks stemming from the rising Bitcoin treasury strategy adoption among nationalist companies.

According to the bank, lone 61 retired of the full 124 nationalist companies that person invested successful Bitcoin ain a combined 3.2% of the 21 cardinal Bitcoin that volition ever exist.

Magazine: China to prohibition owning Bitcoin? Gate.io to wage $30M implicit liquidations: Asia Express