Metaplanet Raises $517.8 Million in Bitcoin Acquisition Plan

Metaplanet, a Japanese investment firm, has successfully raised over $517.8 million on the first day of its ambitious "555 Million Bitcoin" plan. This significant capital raise was achieved through the issuance of 54 million new shares, priced at approximately $9.59 each. The funding represents about 10% of the total 555 million shares that Metaplanet plans to release as part of its broader strategy to acquire 210,000 Bitcoin by the end of 2027, which is roughly 1% of the total Bitcoin supply.

Metaplanet's strategy involves leveraging its US subsidiary, Metaplanet Treasury Corp, based in Florida, to manage Bitcoin acquisition and treasury operations. This subsidiary will also tap into deeper US capital markets and institutional infrastructure to support the company’s global strategy. The firm aims to replicate the approach of US-based MicroStrategy, which has acquired over 1% of Bitcoin’s total supply through equity raises, positioning itself as a digital asset leader within Japanese capital markets.

According to the company, 96% of the funds raised will be allocated toward Bitcoin purchases, while the remaining 4% will be used for bond redemptions and yield-generating strategies. Following the initial issuance, Metaplanet’s total outstanding shares have climbed to over 654 million. If fully executed, the 555 Million Plan could make Metaplanet one of the world’s largest corporate holders of Bitcoin, giving the firm significant influence in the fast-growing digital asset economy.

This initial funding round follows Metaplanet’s recent board approval to commit up to $5 billion to its US subsidiary. The company's bold pivot toward Bitcoin signals strong early momentum behind one of Asia’s largest crypto-focused capital raises, positioning Metaplanet as a key player in the global digital asset landscape.