Metaplanet Inc. has announced plans to raise a staggering $5.4 billion to supercharge its Bitcoin acquisition strategy.
The company’s newly launched “Accelerated 2025-2027 Bitcoin Plan” aims to amass 210,000 BTC by the end of 2027. This would be equivalent to roughly 1% of Bitcoin’s total supply cap and enough to make Metaplanet the world’s largest public Bitcoin holder outside of MicroStrategy.
Metaplanet’s plan, revealed Friday, marks Asia’s largest-ever equity raise dedicated to Bitcoin. The company will issue up to 555 million new shares through the exercise of moving strike warrants. This would add to the 210 million shares already issued under its previous “21 Million Plan.”
The capital raise, totaling 770.9 billion yen ($5.4 billion), will be exclusively for Bitcoin purchases. This aligns with the company’s target of 100,000 BTC by the end of 2026 and the full 210,000 BTC goal by 2027. This aggressive accumulation strategy mirrors, and in some ways surpasses, the playbook of U.S. software firm MicroStrategy.
Metaplanet Transformation to Bitcoin Powerhouse
Metaplanet has become Asia’s largest corporate holder of Bitcoin. As of June 2025, the company holds 8,888 BTC, already achieving nearly 89% of its previous target of 10,000 BTC for 2025. Recent acquisitions were funded through innovative financial instruments, including zero-interest, unsecured bonds and strategic partnerships with backers like Evo Fund.
The company’s Bitcoin holdings, valued at nearly $1 billion, have delivered a year-to-date yield of 225.4%. The results outpaced traditional investments and boosted Metaplanet’s equity value. The firm’s stock has rallied over 213% in the past month and nearly 285% year-to-date, reflecting surging investor confidence in its Bitcoin-centric strategy.
The $5.4 billion raise plans to use moving strike warrants—an equity instrument priced above market value, making this the first such issuance in Japan. This structure is designed to attract long-term investors aligned with Metaplanet’s vision while minimizing dilution for existing shareholders.
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