Metaplanet Aims to Grow Bitcoin Holdings Beyond 44,000 BTC
Metaplanet is expanding its Bitcoin holdings beyond 44,000 BTC, according to its latest plan. The company aims to allocate part of its assets to generate regular income, which will be used to support new Bitcoin purchases and grow its holdings. This approach is part of its net interest income strategy, which focuses on generating cash flow to fund additional Bitcoin purchases.
Metaplanet plans to hold approximately 85-90% of its total assets in Bitcoin and 10-15% in strategic investments. As of September 30, the company held 44,000 BTC. The company will use Bitcoin-backed loans as temporary bridge financing, with a gradual transition to permanent equity financing over time.
The company's goal is to ensure that its financing raises new shares benefits existing shareholders. Common stock issuance will be used selectively when the company's market capitalization-to-net asset value ratio, or mNAV, is above 1. This approach reflects Metaplanet's focus on creating value for its existing shareholders.