Metaplanet Raises $5.4 Billion to Buy 210,000 BTC by 2027

Metaplanet, a Tokyo-listed firm, has announced a significant capital raise of $5.4 billion to bolster its Bitcoin holdings. The company aims to acquire 210,000 BTC by the end of 2027, which would represent approximately 1% of the total Bitcoin supply. This ambitious goal positions Metaplanet as a major player in the corporate Bitcoin landscape.

The capital raise involves the issuance of 555 million shares in moving strike warrants, marking the largest-ever issuance of stock warrants in Japan. This move is part of Metaplanet's broader strategy to intensify its Bitcoin holdings, following an initial plan to acquire 10,000 BTC by 2025. The revised targets now include 30,000 BTC by 2025 and 100,000 BTC by the end of 2026, culminating in the 210,000 BTC goal by 2027.

Metaplanet's CEO, Simon Gerovich, expressed enthusiasm about the capital raise, stating that it represents Asia's largest equity raise to buy Bitcoin. The company's strategy is anchored in the belief that Bitcoin is repricing the global cost of capital and serves as a bridge between traditional finance and the new value architecture based on cryptocurrencies. Metaplanet uses the BTC Yield indicator as its central performance metric, which reached 225.4% in 2024, reflecting a significant increase in its Bitcoin reserves.

Currently, Metaplanet holds 8,888 BTC, acquired at a cost of approximately $849 million, which now represents $920 million in assets. This purchase volume ranks Metaplanet seventh globally among companies with the largest Bitcoin treasuries. The company's aggressive Bitcoin acquisition strategy aligns it with other major corporate holders such as MicroStrategy and GameStop, further driving the adoption of Bitcoin as a strategic asset.

Metaplanet's shares have shown strong performance, with an appreciation of 258% in the year and 1,390% in the last 12 months, making it one of the most traded stocks in Japan. The company's bold move to acquire a significant portion of the total Bitcoin supply underscores its commitment to leveraging cryptocurrencies as a key component of its financial strategy. This initiative not only positions Metaplanet as a leader in the corporate Bitcoin space but also highlights the growing acceptance of Bitcoin as a valuable asset in the global financial landscape.