Metaplanet Launches $5.4B Bitcoin Equity Raise, Eyes 1% of All BTC
Metaplanet has announced a ¥770.9 billion ($5.4 billion) equity raise dedicated exclusively to acquiring Bitcoin. The company plans to issue 555 million new shares through moving strike warrants, marking the largest issuance of stock acquisition rights in Japan’s capital markets history.
It is important to note that the warrants were issued at a higher price than the current market value, which has not been seen before in the country.
The company is committed to reaching this level by the end of 2027, as outlined in its wider Accelerated 2025–2027 Bitcoin Plan. The figure represents approximately 1% of Bitcoin’s fixed total supply, positioning Metaplanet to become the second-largest public holder of Bitcoin globally after MicroStrategy.
The raise will take place using movable strike warrants, which are tied to how the underlying asset moves to reduce price changes. By offering warrants at a price that exceeds the market, the firm tries to attract bigger and more long-term investors who support its Bitcoin-focused plans.
Metaplanet collected ¥93.3 billion (~$650 million) in its “21 Million Plan” by offering 210 million shares to investors. With the added issuance, it becomes evident that the corporation is moving further into digital assets. The raised capital will only be invested in buying Bitcoin, promoting the company’s strategy of adding assets.
Currently, Metaplanet has collected 8,888 BTC, which is very close to its aim of 10,000 BTC this year. Its expansion came from funding supported by unsecured bonds and the help from partners such as Evo Fund.
The firm owns more than $976 million in Bitcoin and has earned more than 225% so far this year. The company’s stock has increased by 285% this year, which demonstrates that investors are proud of its digital asset focus. The move has given Metaplanet an even stronger position as Asia’s leading corporate owner of Bitcoin.
