Metaplanet Allocates 10% of $5.4B War Chest to Bitcoin—CEO Simon Gerovich Doubles Down on Crypto

Another corporate whale dives into Bitcoin—this time, it's Metaplanet deploying a cool $540M of its $5.4B capital reserve. Because nothing says 'hedge against inflation' like volatile digital assets, right?

Simon Gerovich's big bet comes as traditional finance scrambles to keep up with crypto's gravitational pull. The move follows MicroStrategy's playbook, but with a twist: less talk, more allocation.

Wall Street analysts are already sharpening their pencils—some calling it visionary, others a Hail Mary pass. Meanwhile, Bitcoin maximalists cheer while goldbugs quietly seethe.

One thing's certain: the line between tech and treasury keeps blurring. And if this fails? At least it'll make a killer case study for MBAs.

Metaplanet Issues 54 Million Shares to Buy More Bitcoin

Japan-based Metaplanet secured 74.9 billion JPY (USD $0.51 billion) in equity capital through the issuance of 54 million shares via the exercise of the 20th series of stock acquisition rights. The company reports that the capital was raised on the first day of the ‘555 Million Plan.’

CEO Simon Gerovich took to X to reach out to the wider community about the latest fund raised to buy more Bitcoin. He revealed the company has completed 10% of the 555 Million Plan to raise $5.4 billion.

*74.9 Billion JPY In Equity Capital Raised On First Day of ‘555 Million Plan’ Through the Issuance of 54 Million Shares via the Exercise of the 20th Series of Stock Acquisition Rights* pic.twitter.com/qlmvDzA0jW

Moreover, Metaplanet announced early redemption and full repayment of the 16th, 17th, and 18th series of ordinary bonds. The company issued USD 281,000,000 in total bonds to the EVO FUND. The redemption funds were obtained from the proceeds of stock acquisition rights exercised by EVO
FUND.

In early June, the company announced the Accelerated 2025-2027 bitcoin Plan to issue 555 million shares and raise $5.4 billion. The company plans to hold 30,000 BTC by 2025, 100,000 BTC by 2026, and 210,000 BTC by the end of 2027.

Currently, Metaplanet holds 11,111 BTC in total, achieving a BTC yield of 306.7% YTD. It is among the top 10 holders of Bitcoin. The company ranks 8th among the top Bitcoin treasury companies.

Metaplanet Stock and Bitcoin Price Performance

Metaplanet Inc (3350.T) stock price further dropped more than 4% to 1,458 yen amid profit booking on Wednesday. The 52-week low and high are 59 and 1,930 yen, respectively. As per Yahoo Finance, the stock price has rallied over 69% in a month and nearly 297% YTD.

Bitcoin price continues to rebound slightly from the earlier crypto market crash, with the price currently trading at $106,200. The 24-hour low and high are $104,740 and $106,826, respectively.

At the time of writing, Coinglass data showed a jump in total futures open interest by 1.20% in an hour and 1.78% in the last 4 hours to $70.67 billion. This happened as uncertainty in the markets faded due to a ceasefire between Israel and Iran.

Also Read: Anthony Pompliano’s Firm Buys 3724 Bitcoin Following $1B Merger Deal