The Japanese company Metaplanet has once again confirmed its commitment to Bitcoin, this time with a massive capital raise.

As it transforms its business to focus on Bitcoin, Metaplanet has announced a fundraising plan of $5.3 billion through the issuance of 555 million shares via stock acquisition rights.

The issuance of 555 million shares (92.4% of the total shares outstanding) in variable subscription bonds will be used for additional purchases of Bitcoin (BTC) by the company. The shares will be gradually sold over a period of two years to EVO FUND, a Cayman Islands-based fund that has supported Metaplanet's previous financing agreements.

According to the company itself, this operation represents the largest issuance of stock purchase rights in Japan and the first time that variable price stock purchase rights are sold in that country, where the exercise price is adjusted with the market.

“We are excited to announce the largest capital increase in Asia's history to buy Bitcoin, again! This time: $5.4 billion to accelerate our Bitcoin strategy,” published Simon Gerovich, CEO of Metaplanet, on Friday on X.