Metaplanet, the Tokyo-listed investment firm undergoing a full-scale transformation into a Bitcoin-focused entity, has kicked off its ambitious “555 Million Bitcoin Plan” by raising over $517 million on Day One, according to official filings released Wednesday.
10% of the 555 Million Plan executed on Day 1. ¥74.9B ($0.5B+) raised. https://t.co/53bjAT6Egm
— Simon Gerovich (@gerovich) June 25, 2025
The raise came via the issuance of 54 million new shares, priced at ¥1,388 (~$9.59) each. The shares were purchased by EVO Fund, which exercised a portion of its stock acquisition rights. This initial tranche represents about 10% of the total 555 million shares Metaplanet plans to issue as part of the program.
To raise $5.4 billion to purchase up to 210,000 Bitcoin—roughly 1% of the total BTC supply—Metaplanet is positioning itself as a potential heavyweight in the digital asset space. If fully executed, the plan would place the firm alongside or even above giants like MicroStrategy in terms of total Bitcoin holdings.
“96% of the funds raised will be used to purchase Bitcoin,” Metaplanet stated in its filing. “The remainder will support bond redemptions and yield-generating strategies.”
The capital raise follows Metaplanet’s earlier board approval to allocate up to $5 billion to its U.S. subsidiary, Metaplanet Treasury Corp, headquartered in Florida. This American division will manage Bitcoin acquisitions and broader treasury functions, leveraging U.S. capital markets and infrastructure.
With this bold move, Metaplanet is often being dubbed as “Japan’s MicroStrategy,” reflecting its mimicry of the U.S.-based software firm’s pioneering BTC accumulation model. MicroStrategy currently holds over 1% of Bitcoin’s supply, acquired via equity raises and convertible debt.
Metaplanet’s strategic intent is clear capture a leading role in the digital asset economy across the Asia-Pacific region, leveraging Japan’s maturing regulatory framework and investor appetite for digital exposure.
Following Monday’s issuance, Metaplanet’s outstanding share count surged past 654 million, marking a significant milestone in its multi-phase capital plan.
If the full $5.4B target is met, Metaplanet’s Bitcoin holdings would place it among the top corporate BTC holders worldwide, rivaling or even surpassing existing titans in the crypto treasury space.
This marks another sign of growing institutional interest in Bitcoin, particularly in Asia, and further validates corporate crypto accumulation as a viable treasury strategy amid global inflation and monetary uncertainty.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are volatile and risky. Always conduct your research before making any investment decisions.
