Nikolas Sargeant
Japanese investment firm Metaplanet has announced an unprecedented Bitcoin acquisition strategy, targeting 210,000 BTC by 2027 through a groundbreaking $5.4 billion capital raise that represents the largest equity issuance for cryptocurrency purchases in Asian markets.
The company's ambitious "555 Million Plan" would position Metaplanet as owner of approximately 1% of Bitcoin's maximum 21 million coin supply, marking a dramatic escalation from its previous "21 Million Plan" that targeted 21,000 BTC by 2026.
The financing mechanism involves issuing 555 million new shares through Moving-Strike Warrants, an innovative structure designed to optimize capital raising while minimizing shareholder dilution. This represents the first warrant issuance of this magnitude in Japan's financial markets.
If fully exercised at the initial strike price of ¥1,388 per share, the warrant program could generate approximately ¥770 billion ($5.4 billion), providing substantial resources for Bitcoin accumulation over the three-year timeline.
Metaplanet's progressive acquisition schedule includes 30,000 BTC by end-2025, 100,000 BTC by 2026, and the full 210,000 BTC target by 2027, representing a systematic approach to building one of the world's largest corporate Bitcoin treasuries.
Strategic Positioning Capitalizes on Japanese Market Dynamics
Having already surpassed 8,888 BTC holdings and achieving tenth place globally among corporate Bitcoin holders, Metaplanet leverages Japan's sophisticated capital markets where regulated Bitcoin exposure remains in high demand.
The company's stock offers Japanese investors tax-advantaged Bitcoin exposure through a liquid, regulated vehicle, addressing a significant market gap given Japan's absence of spot Bitcoin ETFs.
CEO Simon Gerovich emphasized the strategic significance, describing the initiative as "Asia's largest-ever equity raise to buy Bitcoin" and highlighting the company's acceleration of Bitcoin strategy implementation.
Metaplanet's execution demonstrates remarkable efficiency, with previous ¥102.8 billion capital raising fueling a 225.4% increase in BTC holdings year-to-date. The firm now targets an aggressive 600% BTC yield by end-2025.
The strategy mirrors MicroStrategy's pioneering approach of using Bitcoin-backed securities to bridge traditional finance and Bitcoin-native capital formation, establishing Metaplanet as a regional leader in corporate cryptocurrency adoption.
Corporate Bitcoin Adoption Accelerates Across Markets
The broader corporate Bitcoin adoption trend continues expanding, with BitcoinTreasuries.NET data showing 116 public companies now holding Bitcoin on their balance sheets, including recent additions GameStop and Swedish health tech firm H100.
MicroStrategy maintains its position as the largest corporate Bitcoin holder with 580,250 BTC valued at approximately $60.9 billion, followed by Marathon Digital Holdings and Tesla, both exceeding $1 billion in Bitcoin holdings.
Recent Bitcoin price momentum, reaching a record $111,965 last week and gaining over 50% since early April, has catalyzed increased corporate acquisition activity as firms capitalize on strong investor appetite.
Trump Media & Technology Group recently confirmed plans for a $2.5 billion cryptocurrency acquisition, joining the growing number of companies adopting MicroStrategy's corporate Bitcoin strategy blueprint.
