Metaplanet is aggressively expanding its Bitcoin holdings through an unconventional $5.4 billion capital raise, positioning itself as a leading BTC proxy in Asia.
The Japanese firm plans to issue 555 million shares via market-responsive warrants—priced above market—to fund its expansion without diluting shareholders.
On June 2, the company added 1,088 BTC to its reserves, bringing its total to 8,888 BTC. This follows a ¥50 billion bond sale in May, reflecting a rapid shift in focus toward Bitcoin accumulation. All purchases have been financed through structured debt and equity, not direct share dilution.
Metaplanet tracks performance through a custom metric called “BTC yield,” which has climbed over 225% year-to-date. The firm now targets 30,000 BTC by end-2025 and aims to hold 210,000 BTC—1% of total supply—by 2027.
With Japan’s crypto regulations limiting direct access to Bitcoin, Metaplanet offers a stock market alternative. Its unique model blends equity finance with BTC exposure, making it one of the most traded and fastest-growing stocks in the country.
By using the traditional financial system to build a crypto-native balance sheet, Metaplanet is creating a new hybrid model—one that allows both retail and institutional investors to gain indirect Bitcoin exposure while sidestepping the regulatory red tape typically associated with crypto in Japan.
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