**Metaplanet Aims to Acquire 210,000 BTC by 2027 in Bitcoin Rush**
Metaplanet, recognized as Japan’s premier Bitcoin treasury firm, has unveiled its ambitious plan to become the second-largest corporate holder of Bitcoin globally by 2027. The company intends to leverage its expanding Bitcoin reserves to acquire cash-generating businesses. CEO Simon Gerovich described this initiative as a “Bitcoin gold rush,” emphasizing the need to accumulate as much Bitcoin as possible to achieve a point of “escape velocity,” making it challenging for competitors to catch up.
Currently positioned as the fifth-largest corporate Bitcoin holder worldwide, Metaplanet aims to increase its holdings from 15,555 BTC to over 210,000 BTC by the end of 2027. This target represents approximately 1% of the total Bitcoin supply, which, at current market prices, is valued at nearly $23 billion.
Gerovich outlined a two-phase strategy for the company. The first phase involves accumulating Bitcoin, while the second phase anticipates a future where Bitcoin can be deposited with banks, similar to securities or government bonds. This would enable Metaplanet to secure attractive financing against its Bitcoin assets, allowing the company to invest in profitable, cash-flowing businesses.
With a background as a former Goldman Sachs banker in Tokyo, Gerovich has successfully increased Metaplanet’s market capitalization to over ¥1 trillion ($7 billion). The company’s shares, listed in Tokyo, have surged more than 345% this year following a strategic pivot in 2024 towards operating as a Bitcoin treasury firm.
Metaplanet’s strategy mirrors that of Michael Saylor’s company, which has transformed into a significant Bitcoin investment vehicle, holding 597,000 BTC and boasting a market valuation of $112 billion. Should Metaplanet achieve its goal of 210,000 BTC, it would likely secure its position as the second-largest corporate Bitcoin holder, trailing only behind Saylor’s firm.
With approximately 1 million BTC remaining to be mined from the total supply of 21 million, Gerovich anticipates that the next four to six years will be critical for Bitcoin accumulation. He noted that as time progresses, acquiring Bitcoin will become increasingly challenging.
Gerovich has expressed a firm commitment to never selling any of the Bitcoin acquired and plans to continue raising capital for further purchases. While he is open to issuing preferred shares, he is against utilizing convertible debt, preferring not to tie repayment obligations to fluctuating share prices. He concluded by encouraging skeptics to short the company’s stock if they doubt its vision.
**FAQ**
**What is Metaplanet’s goal regarding Bitcoin acquisition?**
Metaplanet aims to acquire 210,000 BTC by 2027, positioning itself as the second-largest corporate Bitcoin holder globally, using its reserves to invest in cash-generating businesses.
