Bitcoin Treasury Firm Metaplanet Raises $515M to Accelerate Bold BTC Acquisition Plan
Tokyo-listed Metaplanet has raised a massive ¥74.9 billion (about $515 million USD) through a fresh stock issuance, the first step in its ambitious “555 Million Plan” to become one of the largest corporate holders of bitcoin in the world.
In a filing released Wednesday, Metaplanet revealed that key backer EVO Fund exercised 540,000 stock acquisition rights, converting them into 54 million new shares. This accounts for 29% of the company’s 20th series of stock rights, leaving more than 1.3 million options—equal to 131 million potential shares—still available.
“This represents ¥74.9 billion in equity capital raised on the first day of the ‘555 Million Plan,’” Metaplanet said in a statement.
A Bold Bitcoin Strategy
The stock issuance is part of a larger initiative to issue up to 555 million new shares, equivalent to 92% of Metaplanet’s current outstanding shares. If fully executed, the raise would generate around $5.4 billion in fresh capital—earmarked almost entirely for bitcoin purchases.
Metaplanet’s goal? To acquire 30,000 BTC by the end of 2025, with long-term ambitions of reaching 100,000 BTC in 2026 and eventually 210,000 BTC—or 1% of bitcoin’s total supply—by 2027. The only company currently in that elite “1% Club” is Michael Saylor’s MicroStrategy, which has amassed 592,345 BTC since 2020.
Following its latest acquisition of 1,111 BTC on Monday, Metaplanet’s total holdings now stand at 11,111 BTC, signaling it’s already deep into executing its vision. In parallel, the company plans to inject $5 billion into its U.S. subsidiary, part of a global expansion strategy aimed at scaling its presence in Western markets.
Market Response and Global Ambitions
Despite the sizable raise, shares of Metaplanet fell by as much as 5% in Tokyo trading, according to Yahoo Finance. The dip may reflect investor caution around the dilution effects of such a large share issuance—but also highlights the scale of the company’s pivot from a traditional tech entity to a full-fledged bitcoin treasury asset play, often referred to as “Asia’s MicroStrategy.”