Bitcoin treasury firm Metaplanet raises $515 million through new stock issuance

Tokyo-listed Metaplanet raised 74.9 billion JPY ($515 million) to buy more bitcoin following the recently announced plan to acquire 1% of BTC’s 21 million supply.A Wednesday filing showed that Metaplanet's primary backer, EVO Fund, exercised 540,000 stock-acquisition rights, converting them into 54 million new shares. The issuance covers 29% of the company’s 20th warrant series, while about 1.31 million rights, equal to 131 million shares, remain."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," the firm stated.The massive sale follows Metaplanet's announcement that it will issue 555 million shares, about 92% of the total outstanding shares, to raise $5.4 billion in new capital for bitcoin purchases.Dubbed the “555 Million Plan,” the move is part of Metaplanet's target to amass 30,000 BTC by the end of 2025. In the long term, the company aims to reach 100,000 bitcoins by 2026.Doing so would add the Japanese firm to an exclusive 1% BTC club — firms with at least 1% of bitcoin’s hard-capped 21 million supply. Only one company, Michael Saylor’s Strategy, belongs to this class, with 592,345 bought since 2020.Metaplanet currently holds 11,111 BTC after it bought 1,111 bitcoins on Monday. The firm also plans to inject $5 billion into its U.S. subsidiary in a global expansion push. Shares of the Tokyo-based entity, hailed as Asia’s Strategy, fell as much as 5% after its latest raise, according to Yahoo Finance.Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.