Metaplanet Raises $517M on First Day of Bold ‘555 Million Bitcoin’ Strategy

Highlights:

• Metaplanet secured $517 million to increase its BTC holdings and fuel global expansion.
• The firm plans to collect 210,000 BTC through its bold “555 Million Plan.”
• EVO Fund converted rights into 54 million shares on the first funding day.

On Wednesday, Japan-based investment company Metaplanet revealed it had secured 74.9 billion JPY ($517 million) in funding to expand its Bitcoin (BTC) holdings. This move is part of Metaplanet’s plans to sell 555 million new shares to raise $5.4 billion for BTC purchases. This share sale equals about 92% of the company’s current total shares. 

Metaplanet Pushes Ahead with Big Bitcoin Plan and New Share Sale

Metaplanet’s “555 Million Plan” aims to collect 30,000 BTC by the end of 2025 and then expand its Bitcoin holdings to 100,000 BTC in 2027. The company’s long-term goal is to reach 210,000 BTC by 2027 through this aggressive investment strategy. This move would place the Japanese firm among the top 1% holders of Bitcoin’s 21 million supply. Metaplanet CEO Simon Gerovich shared on X that the company has already achieved 10% of its $5.4 billion goal under the 555 Million Plan.

Thrilled to announce Asia’s largest-ever equity raise to buy Bitcoin — again! 🚀 This time: $5.4 billion to accelerate our Bitcoin strategy. Our new target: 210,000 BTC by 2027.

Details here: https://t.co/ahL27o9QBg pic.twitter.com/njYybVq1uu

— Simon Gerovich (@gerovich) June 6, 2025

Currently, only Michael Saylor’s Strategy holds that spot, with 592,345 BTC acquired since 2020. Metaplanet is following MicroStrategy’s path by raising money to buy Bitcoin.

On Wednesday, Metaplanet’s main investor, EVO Fund, used 540,000 special rights to get 54 million new shares in the company. This is only part of the full batch—EVO Fund still holds 1.31 million rights that could be turned into 131 million shares later. “74.9 billion JPY in equity capital raised on first day of ‘555 million plan’ through the issuance of 54 million shares via the exercise of the 20th series of stock acquisition rights,” the firm stated.

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

Metaplanet now holds 11,111 BTC after purchasing 1,111 more on Monday. Just a day earlier, the firm also disclosed that its U.S. branch, MTPLF, plans to raise $5 billion to support this mission and expand its Bitcoin reserves. Company leaders have emphasized their strong commitment to becoming a major player in the Bitcoin space. CEO Gerovich stated: “We’re increasing our commitment to Florida by 20x. Thanks again Francis Suarez, Miami was the right choice. Metaplanet has approved up to $5B for our US subsidiary as we accelerate toward 210,000 BTC with Florida at the center of our US expansion”.

*Notice of Additional Capital Contribution to U.S. Subsidiary* pic.twitter.com/5dWd5Y3s40

— Metaplanet Inc. (@Metaplanet_JP) June 24, 2025

Company’s Stock Rises Over 3%

The company’s stock rose over 3% on Wednesday, settling at 1,593 yen as investors took profits. The stock’s 52-week range spans from a low of 59 yen to a high of 1,930 yen. According to Yahoo Finance data, the share price has surged more than 64% in the past month and nearly 345% since the start of the year.

Bitcoin continues its slow recovery after the recent market dip, currently trading around $107,056. Ethereum and other cryptocurrencies are now turning green with rising prices. Meanwhile, data from Coinglass shows total futures open interest has climbed by 1.3% in the past hour and 1.67% over the last four hours, reaching $70.23 billion. The rise follows easing market uncertainty after a ceasefire was reached between Iran and Israel.