Key Takeaways:
- Metaplanet raised ¥74.9 billion ($510 million) by issuing 54 million new shares to fund Bitcoin purchases.
- The raise marks the first 10% milestone in its $5.4 billion “555 Million Plan” to acquire Bitcoin.
- The company will contribute up to $5 billion to its U.S. subsidiary to expand global Bitcoin operations.
- Metaplanet aims to hold 210,000 Bitcoin by 2027, signaling a major institutional push into crypto.
Japanese investment company Metaplanet announced on Tuesday that it raised approximately ¥74.9 billion (around $510 million) by issuing 54 million new shares, as part of a broader strategy to increase its Bitcoin holdings and strengthen its presence in international markets.
The fundraising came after investors used special rights—known as stock acquisition rights—to buy 540,000 units of Metaplanet shares. These rights, issued just days earlier to EVO FUND, allowed the investor to purchase shares at a set price, marking the first major step in Metaplanet’s broader plan to raise funds for buying Bitcoin.
10% Milestone Reached in Bitcoin Strategy
With the latest share issuance, Metaplanet’s total outstanding shares rose to over 654 million, marking the first major milestone in its ambitious “555 Million Plan,” a multi-phase effort to raise $5.4 billion exclusively for Bitcoin investments.
The company confirmed that all proceeds will go toward buying more Bitcoin, though it has not yet disclosed the timing or size of its next purchase.
CEO Simon Gerovich announced the progress in a post on X (formerly Twitter), stating, “10% of the 555 Million Plan executed on Day 1. ¥74.9B ($0.5B+) raised.”
$5 Billion Capital Injection into U.S. Subsidiary
In a related development, Metaplanet also announced a planned capital contribution of up to $5 billion to its wholly owned U.S. subsidiary, Metaplanet Treasury Corp, located in Florida.
The new funds will be used to strengthen the company’s global treasury operations, improve execution capacity for Bitcoin-related strategies, and better position Metaplanet in the U.S. market, which is seen by the company as the world’s financial epicenter.
According to the statement, the move marks a transition from initial setup to an “aggressive stage of expansion,” signaling the company’s intent to grow beyond its domestic market.
The capital injection is expected to help Metaplanet achieve its goal of holding up to 210,000 Bitcoin by the end of 2027.
U.S. Strategy Seen as Key to Scaling Bitcoin Operations
Metaplanet’s leadership sees the U.S. as a critical base for operations, due to its deep capital markets, regulatory infrastructure, and institutional maturity.
According to the statement, the company aims to create a globally integrated treasury model capable of managing large-scale digital asset portfolios across jurisdictions.
Outlook
Metaplanet’s latest actions suggest a firm commitment to expanding its Bitcoin holdings and building a global presence, with the United States at the center of its growth strategy.
The company’s plan to raise $5.4 billion and inject $5 billion into its U.S. unit marks a significant shift toward international operations.
While the long-term impact of this strategy remains to be seen, Metaplanet said it expects limited financial effects in the current fiscal year. Investors are likely to watch how the company balances its aggressive Bitcoin approach with market volatility and regulatory developments as it moves forward.
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