Crypto Reporter
Shalini Nagarajan
Crypto Reporter
Shalini Nagarajan
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Metaplanet, the Japanese investment firm undergoing a bold pivot toward Bitcoin, raised more than $517m on the first day of its sweeping “555 Million Plan,” signaling strong early momentum behind one of Asia’s largest crypto-focused capital raises.
According to a company filing on Wednesday, the funding was secured through the issuance of 54m new shares after EVO Fund exercised a portion of its stock acquisition rights.
Metaplanet aims to raise as much as $5.4b through its 555m Plan, with the goal of acquiring 210,000 Bitcoin by the end of 2027, roughly 1% of the total supply.
Metaplanet Raises $517.8M in First Tranche of 555 Million Bitcoin Plan
As part of this effort, shares were issued at ¥1,388 each, or about $9.59, generating around ¥74.9b, or $517.8m. The issuance accounts for about 10% of the total 555m shares the company plans to release.
This initial funding round follows Metaplanet’s recent board approval to commit up to $5b to its US subsidiary. The unit, Metaplanet Treasury Corp, is based in Florida.
Going forward, the American arm will manage Bitcoin acquisition and treasury operations. It will also tap into deeper US capital markets and institutional infrastructure to support the company’s global strategy.
If Fully Executed, Plan Would Place Metaplanet Among Largest Bitcoin-Holding Firms
Metaplanet is following a strategy similar to that of US-based MicroStrategy, which has acquired over 1% of Bitcoin’s total supply through equity raises.
Now, Metaplanet aims to replicate that approach from the Asia-Pacific region. It hopes to position itself as a digital asset leader within Japanese capital markets.
According to the company, 96% of funds raised will go toward Bitcoin purchases. The remaining amount will be used for bond redemptions and yield-generating strategies.
Following Monday’s issuance, Metaplanet’s total outstanding shares climbed to over 654m.
If fully executed, the 555m Plan could make Metaplanet one of the world’s largest corporate holders of Bitcoin. This would give the firm significant influence in the fast-growing digital asset economy.
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