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Metaplanet plans to raise $5.4 billion by issuing 555 million shares over two years.
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The goal is to acquire 210,000 BTC by the end of 2027.
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The company currently holds 8,888 BTC, up from 1,762 earlier this year.
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It aims to become a top-tier corporate holder, joining the so-called “Bitcoin 1% club.”
Massive Equity Plan to Fund BTC Expansion
Japanese investment firm Metaplanet has launched a $5.4 billion equity raise to dramatically expand its bitcoin holdings. Through Japan’s moving strike warrant structure, 555 million shares will be gradually issued to minimize market impact. The equity raise will be arranged by Evolution Japan Securities, with EVO FUND as the primary allottee.
CEO Simon Gerovich confirmed the news on X, calling it Asia’s largest-ever equity raise for bitcoin acquisition.
Ambitious Growth Targets
Metaplanet aims to reach 30,000 BTC by end of 2025, 100,000 BTC by end of 2026, and ultimately 210,000 BTC by end of 2027. That final number represents 1% of bitcoin’s total fixed supply, aligning the company with global giants like Strategy.
The firm also plans to use convertible bonds and other instruments to reach this milestone.
Rising Market Impact
Metaplanet has already bought 8,888 BTC worth approximately $920 million, earning around $71 million in paper gains. Its year-to-date BTC Yield, which tracks bitcoin holdings against shares outstanding, has risen 225.4%.
The company has quickly climbed to 7th place globally among public bitcoin treasuries and is Japan’s most traded stock by volume.
