Metaplanet is taking unprecedented action
This Japanese listed company announced that between 2025 and 2027, it will raise approximately $5.4 billion by issuing 555 million "Floating Strike Warrants" to purchase 210,000 Bitcoins (BTC), which accounts for about 1% of the total supply, with the goal of completing this by the end of 2027. This will be the largest warrant issuance in the history of Japan's capital markets.
Innovative financing structure: Using "Moving Strike Warrants," allowing investors to exercise based on market prices, reducing dilution impact, and enhancing financing flexibility.
• Three-Year BTC Goals:
• By the end of 2025: 30,000 BTC
• By the end of 2026: 100,000 BTC
• By the end of 2027: 210,000 BTC (currently holding about 8,888 BTC)
Strategic positioning: To become the largest Bitcoin listing platform in Asia, providing regulated "Bitcoin equity exposure" for Japanese investors, bypassing the restrictions on retail investors purchasing BTC.
Market performance: The stock price has risen 275% since the beginning of the year, with a yearly increase of up to 1619%, trading volume has surged, surpassing Jack Dorsey's Block to become one of the top ten corporate BTC holders globally.
Previous experience: Successfully raised $650 million in the "210 Million Plan," increasing Bitcoin holdings from 1,762 to 7,800 within 60 trading days, with BTC Yield (per share BTC growth rate) reaching 225.4% year-to-date.
Metaplanet clearly views Bitcoin as a long-term strategic reserve asset and is positioning itself as a "Bitcoin-like ETF" in the Japanese capital market. Its plan is not only a bet on BTC but also a response to the global trend of repricing currency and capital costs. By allowing traditional investors to hold BTC indirectly through compliant channels, it may change the way the Asian market accepts crypto assets.
