Metaplanet’s ambitious $5.4B Bitcoin acquisition plan sets sights on 210k BTC
Capital market innovations propel Metaplanet to 8,888 BTC holdings with goal to multiply fivefold by 2027.
Metaplanet has launched what it calls Asia’s largest equity raise dedicated to Bitcoin. According to CEO Simon Gerovich, the company is issuing 555 million shares through moving strike warrants in a ¥770.9 billion ($5.4 billion) capital raise.
The firm has also acquired 1,088 BTC for ¥16.9 billion ($117.5 million), increasing its on-chain holdings to 8,888 BTC and positioning itself among the asset’s ten largest public corporate holders.
The purchase, executed on June 2, follows a ¥50 billion ($330 million) bond issuance in May and coincides with a marked acceleration in the company’s capital markets activity targeting Bitcoin accumulation.
Metaplanet $5.4 billion Bitcoin plan
The new offering is structured as a third-party allotment across three warrant series, with pricing designed to adjust relative to market performance. Uniquely, the warrants are issued at a premium to market price, enabled by the company’s elevated trading liquidity and volatility.
The initial strike price of ¥1,388 per share represents a premium over recent closing prices. The company aims to complete the full raise over a projected six- to ten-month period.
This development follows what Metaplanet referred to as its “210 Million Plan,” a capital raise that brought in ¥93.3 billion ($650 million) in just 60 trading days through the issuance of 210 million split-adjusted shares.
