Metaplanet Launches $745M Bitcoin Fundraising, Aims to Acquire 21,000 BTC by 2026

Tokyo-based investment firm Metaplanet has launched a ¥116 billion ($745 million) fundraising initiative, the largest in Asia's equity market history, to acquire more Bitcoin (BTC). The company aims to purchase 21,000 BTC by 2026 as part of its "Bitcoin-first, Bitcoin-only" strategy.

Metaplanet issued 21 million shares through 0% discount moving strike warrants, allowing holders to purchase shares at adjustable exercise prices based on market value. The issuance is part of the company's plan to boost its BTC stockpile amid the Japanese yen's devaluation and Bitcoin's run to a lifetime high.

By the end of 2025, Metaplanet hopes to acquire 10,000 BTC, which would cost approximately $1 billion at current market values. By the end of 2026, it targets 21,000 BTC, worth about $2.1 billion based on current prices. Notably, 21,000 Bitcoin mirrors BTC's capped supply of 21 million coins.

Metaplanet's representative president and director, Simon Gerovich, stated that the company is seizing the momentum to fortify its standing as one of the top global corporate holders of the maiden crypto, like Michael Saylor's MicroStrategy. Gerovich noted that the market views Metaplanet as "Tokyo's preeminent Bitcoin company."

Metaplanet's last Bitcoin purchase was in December when it purchased 619.7 BTC for 9.5 billion yen ($60.6 million), which it raised via bond issuance the prior week. The company is currently the 15th largest publicly traded holder of Bitcoin, holding roughly 1,761 BTC.