Tokyo-based investment firm Metaplanet has announced a landmark $5.4 billion equity raise, dubbed the “555 Million Plan,” to boost its Bitcoin treasury strategy. By issuing 555 million shares through moving strike warrants—Japan’s first at a premium to market price—the company is making waves as a pioneer in corporate Bitcoin adoption.
Metaplanet’s Historic $5.4B Raise
The $5.4 billion raise is designed to fuel Metaplanet’s aggressive Bitcoin acquisition strategy, with targets of 100,000 BTC by the end of 2026 and 210,000 BTC by 2027. These goals represent a significant leap from its current holdings and aim to secure roughly 1% of Bitcoin’s fixed supply, a milestone known as the “1% Club.”
The funds will be raised through a combination of convertible bonds, preferred shares, and traditional debt, allowing the firm to purchase Bitcoin incrementally while mitigating market volatility. This financing approach, led by EVO FUND and arranged by Evolution Japan Securities, marks a historic moment as Japan’s largest-ever Bitcoin-focused equity raise.
First Phase of Target Met, What’s Next?
Metaplanet’s initial target, set under its earlier “21 Million Plan,” was to hold 10,000 BTC by the end of 2025. As of today, the company holds 8,888 BTC, worth approximately $920 million, achieving 88.8% of this goal in just five months. This rapid progress, driven by a 225.4% year-to-date BTC yield, showcases Metaplanet’s efficient capital strategy.
For the next phase, the company aims to acquire 30,000 BTC by the end of 2025, scaling up to 100,000 BTC by 2026. To meet these targets, Metaplanet will leverage its $5.4 billion raise, using flexible financial instruments to bank on Bitcoin’s price movements while protecting shareholder value. The firm’s transparent, Bitcoin-native reporting and deep liquidity on the Tokyo Stock Exchange further strengthen its ability to execute this plan.
Metaplanet’s current 8,888 BTC holdings—a number symbolizing goodwill and prosperity in Japanese culture—signal its commitment to building wealth for shareholders through Bitcoin. With the “555 Million Plan,” Metaplanet is not just stacking satoshis but reshaping corporate treasury strategies, cementing its role as Japan’s Bitcoin giant.
