Metaplanet Aims for 210K Bitcoin by 2027—$3.7B Raise to Fuel Crypto Megastack

Tokyo’s Metaplanet just tossed a financial Molotov cocktail—announcing plans to amass 210,000 Bitcoin within two years. The $3.7 billion capital raise? Either genius or desperation, depending on which hedge fund manager you ask.

The Bitcoin Endgame

No half-measures here. The firm’s targeting a BTC stash worth roughly $14 billion at current prices—enough to make MicroStrategy blush. Expect dilution drama as convertible notes hit the market.

Timed for the Halving Cycle

2027 isn’t arbitrary. It positions the final BTC buys right after the next block reward halving—when scarcity (and volatility) goes nuclear. Cynics whisper ‘exit liquidity,’ but true believers see a corporate treasury revolution.

One banker muttered: ‘At least they’re not buying NFTs.’

Metaplanet Seeks $3.7 Billion Raise To Buy More BTC

According to the announcement, Metaplanet plans to raise $3.7 billion through a stock offering. The proceeds will be used to fund its bitcoin Strategy, which targets the acquisition of 210,000 BTC by year-end 2027.

Notably, the company said it will issue perpetual preference shares to finance the Bitcoin Strategy initiative. These shares will offer up to a 6% annual dividend, subject to market conditions, interest rates, and investor demand.

While the issuance of new shares has raised concerns about potential dilution for existing shareholders, Metaplanet stated that the projected increase in BTC Yield WOULD generate sufficient corporate value to offset the impact.

For the uninitiated, BTC Yield measures how much the company’s Bitcoin holdings are increasing over time relative to its total share base. It is calculated by dividing the rate of change in BTC held by the company by the fully diluted number of outstanding common shares.

Today’s statement comes just over two weeks after Metaplanet added 800 BTC to its balance sheet. According to CoinGecko data, the company currently ranks sixth among corporate Bitcoin holders, with a total of 17,132 BTC.

Metaplanet stock closed down 7.65% today, trading at 1,063 yen ($7.18) at the time of writing. However, the stock remains up more than 200% year-to-date.

Companies Anticipating Further Bitcoin Upside?

Following Donald Trump’s victory in the November 2024 US presidential election, Optimism around crypto-friendly regulatory reforms has encouraged several global corporations to increase their exposure to digital assets.

For example, NYSE-listed Marti Technologies recently announced plans to convert 20% of its cash reserves into BTC. Similarly, MARA Holdings completed a $950 million raise aimed at expanding its Bitcoin exposure.

Besides the above mentioned companies, several UK-based firms such as Satsuma Technology and The Smarter Web Company have also made moves to bolster their BTC reserves. This renewed institutional interest is further supported by positive macroeconomic signals.

According to the Chicago Mercantile Exchange’s (CME) FedWatch tool, there is a 78.8% probability that the US Federal Reserve will cut interest rates at its September 17 meeting – a MOVE that could benefit risk-on assets like Bitcoin. At press time, BTC trades at $115,189, down 2.8% in the past 24 hours.