Japan’s Metaplanet has revised its Bitcoin acquisition target, planning to hold a total of 100,000 BTC by the end of 2026, up from the previous goal of 21,000 BTC. This means the company is looking to purchase at least 91,112 BTC over the next 18 months. CEO Simon Gerovich stated that the move is a response to significant global economic changes, including fears surrounding traditional safe assets like government bonds and a rising demand for Bitcoin as a scarce asset. To fund their acquisitions, Metaplanet plans to issue stock acquisition rights to enable the issuance of up to 555 million shares, which will supplement the 210 million shares already issued under the earlier plan. The aim is to hold over 210,000 BTC by 2027, positioning the company within the '1% Club' of entities holding at least 1% of Bitcoin's total supply, which is capped at 21 million. This surge in Bitcoin purchasing aligns with a broader trend among public companies adopting similar treasury strategies.

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