Metaplanet Bets Big on Bitcoin: $5.4B Fundraise to Amass 210,000 BTC by 2027
In a move that'll make goldbugs twitch, Metaplanet just secured a war chest of $5.4 billion—all earmarked for Bitcoin. The target? A cool 210,000 BTC within two years. Because when traditional finance keeps printing money, why not double down on digital scarcity?
This isn't a dip-toe-in-the-water play—it's a cannonball into the deep end. And while Wall Street still argues about ETFs, Metaplanet's going straight for the blockchain.
One question remains: will this trigger a corporate FOMO wave, or end up as another 'strategic allocation' footnote in some future bankruptcy filing?
Metaplanet Climbs to Global Top 10 Bitcoin Holder
After surpassing interim goals and climbing to 8,888 BTC, placing it tenth globally in corporate bitcoin holdings, the company is now setting its sights far higher.
To fund this aggressive acquisition drive, Metaplanet will issue 555 million new shares through moving strike warrants, an innovative financing mechanism designed to optimize capital raising with minimal dilution.
If fully exercised, this issuance could generate an estimated ¥770 billion (approximately $5.4 billion) at an initial strike price of ¥1,388 per share.
The new plan is structured to gradually ramp up BTC holdings. This includes 30,000 BTC targeted by year-end 2025, 100,000 BTC by 2026, and 210,000 BTC by 2027.
“Thrilled to announce Asia’s largest-ever equity raise to buy Bitcoin — again! This time: $5.4 billion to accelerate our Bitcoin strategy. Our new target: 210,000 BTC by 2027,” Metaplanet CEO Simon Gerovich said in a post on X.
Thrilled to announce Asia’s largest-ever equity raise to buy Bitcoin — again!
This time: $5.4 billion to accelerate our Bitcoin strategy. Our new target: 210,000 BTC by 2027.
Details here: https://t.co/ahL27o9QBg pic.twitter.com/njYybVq1uu
Metaplanet’s strategy leverages Japan’s DEEP capital markets, where demand for regulated Bitcoin exposure remains strong.
The company’s stock, one of Japan’s most liquid, offers domestic investors an accessible, tax-advantaged vehicle to gain BTC exposure—a notable advantage given Japan’s lack of spot Bitcoin ETFs.
The firm’s execution to date has been swift. Its previous capital raise of ¥102.8 billion fueled a 225.4% increase in BTC holdings year-to-date.
It now aims to deliver an even more aggressive 600% BTC yield by the end of 2025.
Metaplanet’s MOVE draws parallels to MicroStrategy’s pioneering Bitcoin-backed securities approach, which aims to position itself as a bridge between traditional finance and Bitcoin-native capital formation.
Public Companies Continue to Invest in Bitcoin
Meanwhile, the number of public companies holding Bitcoin continues to grow.
According to data from BitcoinTreasuries.NET, 116 public firms have now added Bitcoin to their balance sheets. Recent additions include GameStop and Swedish health tech company H100.
MicroStrategy remains the largest corporate Bitcoin holder, with 580,250 BTC worth approximately $60.9 billion.
Other major holders include Marathon Digital Holdings and Tesla, both with over $1 billion in Bitcoin.
As reported, digital asset companies are flooding capital markets to raise funds for large-scale Bitcoin acquisitions, spurred by the cryptocurrency’s rally to a record $111,965 last week.
The surge, up more than 50% from early April, has ignited a wave of listings and mergers as firms race to secure funding while investor appetite remains strong.
More recently, TRUMP Media & Technology Group confirmed plans to raise $2.5 billion to buy crypto, joining a growing list of firms mimicking MicroStrategy’s blueprint.
