Japan-listed Metaplanet said that principal shareholder EVO Fund exercised 540,000 Series-20 warrants, triggering the issue of 54 million new shares and raising about US $515 million on day one. The plan envisions issuing up to 555 million shares in total, with a target of holding 30,000 BTC by the end of 2025 and a longer-term goal of 100,000 BTC in 2026.