Metaplanet Raises $515M in First Step Toward Massive Bitcoin Accumulation
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Tokyo-listed Metaplanet has kicked off its aggressive Bitcoin acquisition plan by securing 74.9 billion yen ($515 million) through new share issuance — the first step in its bid to own 1% of Bitcoin’s total supply.
The funding came after major investor EVO Fund converted 540,000 stock acquisition rights into 54 million shares.
This move, part of the company’s broader “555 Million Plan,” aims to issue 555 million shares — nearly doubling its current share count — to raise around $5.4 billion for Bitcoin purchases.
Metaplanet has laid out a bold roadmap: accumulate 30,000 BTC by the end of 2025, hit 100,000 in 2026, and target 210,000 BTC by 2027.
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If successful, it would become only the second entity after MicroStrategy to hold more than 1% of Bitcoin’s fixed 21 million supply.
Currently, the company holds 11,111 BTC after acquiring an additional 1,111 bitcoins earlier this week. It also intends to inject $5 billion into its U.S. arm as part of its global expansion.
Despite the milestone, Metaplanet shares slipped 5% following the equity raise.
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