Metaplanet Raises $515 Million for Bitcoin Accumulation

Metaplanet, a prominent player in the digital asset space, has successfully raised approximately $515 million through the exercise of warrants. This significant fundraising effort was initiated by the company's principal shareholder, EVO Fund, which exercised 540,000 Series-20 warrants. This action triggered the issuance of 54 million new shares, marking a substantial step in Metaplanet's strategic plan.

This capital infusion is part of a broader initiative that could see Metaplanet issuing up to 555 million new shares. The funds raised are earmarked to support the company's ambitious Bitcoin accumulation strategy, which is one of the most aggressive in the region. Metaplanet aims to hold 30,000 BTC by the end of 2025, with a long-term goal of accumulating 100,000 BTC by 2026. This strategy underscores Metaplanet's commitment to Bitcoin as a core treasury asset, mirroring the approaches of Western firms like MicroStrategy.

Metaplanet's bold move signals a deep commitment to Bitcoin, positioning the company as a significant player in the institutional crypto landscape. The market is closely observing how this strategy will unfold, as Metaplanet's investments could have a notable impact on the Japanese institutional crypto market. EVO Fund's immediate exercise of warrants also reflects strong confidence in Metaplanet's direction, and investors will be keen to see how the remaining share issuance translates into Bitcoin acquisitions.