Metaplanet Inc. 的比特币扩张计划

Metaplanet Inc. 着眼于总量达到 10,000 BTC，计划今年将其比特币持有量增加 470%。

Metaplanet Inc. is planning to increase its Bitcoin (BTC) holdings by 470% in 2025, bringing the total to 10,000 BTC.

Metaplanet Inc. 计划在 2025 年将其比特币 (BTC) 持有量增加 470%，使总量达到 10,000 BTC。

The company, which began accumulating Bitcoin in April 2024, will use advanced capital market instruments to achieve its goals, CEO Simon Gerovich said in a statement.

该公司首席执行官 Simon Gerovich 在一份声明中表示，该公司于 2024 年 4 月开始积累比特币，将使用先进的资本市场工具来实现其目标。

“2024 was a year of transformation for Metaplanet,” Gerovich said. “We became the No. 1 Bitcoin treasury company in Asia, set new records and scaled our Bitcoin treasury. This year, we are focused on execution to deliver even more value to our shareholders.”

“2024 年对于 Metaplanet 来说是转型的一年，”Gerovich 说。 “我们成为亚洲第一大比特币金库公司，创造了新记录并扩大了我们的比特币金库规模。今年，我们专注于执行力，为股东创造更多价值。”

According to a December regulatory filing, Metaplanet held 1,761.98 BTC, valued at around 27.2 billion yen ($173.6 million). The company purchased 19 Bitcoins last year at an average price of 11.8 million yen per BTC.

根据 12 月的监管文件，Metaplanet 持有 1,761.98 BTC，价值约 272 亿日元（1.736 亿美元）。该公司去年购买了 19 枚比特币，平均价格为每枚 1180 万日元。

The largest single purchase was 619.70 BTC in December, at a cost of 9.5 billion yen and comprising 35% of the company’s total holdings.

12 月份最大单笔购买量为 619.70 BTC，耗资 95 亿日元，占该公司总持仓量的 35%。

Metaplanet began 2024 with 97.8 BTC, and its holdings increased rapidly, especially in the last quarter. The BTC Yield — a measure of Bitcoin ownership relative to total shares — rose from 42% to 310% in the latest quarter, reflecting the company’s greater Bitcoin purchases relative to share issuances.

Metaplanet 2024 年伊始拥有 97.8 BTC，其持有量迅速增加，尤其是在最后一个季度。比特币收益率——衡量比特币所有权相对于总股票的指标——在最近一个季度从 42% 上升至 310%，反映出该公司相对于股票发行的比特币购买量更大。

Price predictions and market outlook Several Metaplanet’s bulk purchases were made when Bitcoin was trading at levels close to $100,000.

价格预测和市场前景 Metaplanet 的一些大宗购买是在比特币交易价格接近 10 万美元时进行的。

For 2025, price projections from VanEck and Bitwise range between $180,000 and $200,000. Such forecasts have driven companies toward long-term expansion to begin accumulating Bitcoin.

VanEck 和 Bitwise 预测 2025 年的价格在 180,000 美元到 200,000 美元之间。这样的预测促使公司进行长期扩张，开始积累比特币。

To comply with Tokyo Stock Exchange rules, Metaplanet changed its share structure in mid-2024.

为了遵守东京证券交易所的规则，Metaplanet 于 2024 年中期更改了其股权结构。

In June, the company consolidated its shares 10-to-1 to meet the minimum trading price requirement of 50,000 yen.

6月，该公司以10比1的比例合并了股份，以满足5万日元的最低交易价格要求。

It launched a rights offering in August that increased the share count to 36.27 million and raised 10 billion yen ($63.7 million) from over 13,000 investors.

该公司于 8 月份启动了配股发行，将股票数量增加到 3627 万股，并从 13,000 多名投资者那里筹集了 100 亿日元（6370 万美元）。

Later, in December, the company raised additional funds via two bond issues totaling 9.5 billion yen ($60.3 million).

随后，12 月，该公司通过两次债券发行筹集了额外资金，总额达 95 亿日元（6030 万美元）。

In November, Metaplanet established a stock rights scheme to facilitate upcoming fundraising requirements.

11 月，Metaplanet 制定了股权计划，以满足即将到来的融资需求。

These measures both enhanced its capacity for expanding Bitcoin holdings and strengthened its financial position.

这些措施既增强了其扩大比特币持有量的能力，又增强了其财务状况。

Transition to systematic accumulation On December 18, Metaplanet formally designated its Bitcoin treasury operations as a separate business division.

向系统积累过渡 12月18日，Metaplanet正式将其比特币金库业务指定为一个独立的业务部门。

The move signaled the shift from one-time buys to a planned accumulation strategy.

此举标志着从一次性购买策略转向有计划的积累策略。

Proceeds from several funding events have been earmarked specifically for Bitcoin purchases, as stated in the company’s Tokyo Stock Exchange filing.

正如该公司向东京证券交易所提交的文件中所述，几项融资活动的收益已专门用于购买比特币。

Metaplanet’s approach is reminiscent of MicroStrategy, which is renowned for its corporate Bitcoin acquisitions. Setting a target of 10,000 BTC demonstrates optimism in Bitcoin’s long-term prospects.

Metaplanet 的做法让人想起 MicroStrategy，后者因企业比特币收购而闻名。设定 10,000 BTC 的目标表明了对比特币长期前景的乐观态度。

The company’s aggressive strategy highlights a broader trend among corporates making Bitcoin investments. Rising crypto prices and projections of institutional adoption continue to pique interest in Bitcoin as a primary growth driver. Metaplanet’s strategy positions it at the forefront of this movement, as it showcases its commitment to capitalizing on opportunities in the evolving market.

该公司积极的战略凸显了企业进行比特币投资的更广泛趋势。加密货币价格的上涨和机构采用的预测继续激起人们对比特币作为主要增长动力的兴趣。 Metaplanet 的战略使其处于这一运动的最前沿，因为它展示了其对利用不断发展的市场中的机会的承诺。