Metaplanet sets ambitious target to join bitcoin's 1% club

Metaplanet unveiled a new $5.4 billion equity raise via 555 million moving strike warrants to accelerate its bitcoin buying spree.

The firm ambitiously aims to hold 210,000 BTC by 2027 — 1% of bitcoin's total supply — using a mix of equity, bonds, and other financing instruments.

Already holding 8,888 BTC ($932 million), Metaplanet achieved 89% of its initial year-end goal in just five months, setting new targets of 30,000 BTC and 100,000 BTC by the end of 2025 and 2026, respectively.

Riding its bitcoin pivot, Metaplanet is now the seventh-largest corporate holder globally and Japan's top-performing and most-traded stock, up 1,390% in a year.

Meanwhile, Strategy upsized its STRD perpetual preferred stock offering on Friday to $1 billion to buy more bitcoin.