Metaplanet Unveils $531M Bitcoin Funding Plan After $255M Institutional Capital Raise

Highlights:

• Metaplanet raised $255 million from institutional investors to support its long-term Bitcoin funding plan.
• The company plans to spend about $357 million on Bitcoin purchases between 2026 and 2028.
• Metaplanet aims to grow its Bitcoin holdings from 35,102 BTC today to 210,000 BTC by 2027.

Metaplanet raised about $255 million from global institutional investors through a private placement of new shares. The Tokyo-listed investment firm confirmed the financing on Monday. CEO Simon Gerovich said the capital will support the company’s Bitcoin treasury strategy. The company structured the financing to strengthen its balance sheet and fund additional Bitcoin purchases.

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BIGGGG 🚨

JAPANESE FIRM METAPLANET RAISES $531M TO BUY MORE #BITCOIN.

MASSIVE 🔥 pic.twitter.com/YJjl4SXLEG

— Whale SOL (@Whale___SOLL) March 16, 2026

The company issued about 107.4 million new common shares at 380 yen each. The price equals roughly $2.39 per share and sits slightly above the recent market level. Institutional investors participated in the offering as demand for corporate Bitcoin exposure continues to grow. Metaplanet approved the financing through a board decision on March 16.

Metaplanet also attached fixed-strike warrants to the financing structure. The company set the exercise price at 410 yen per share, or about $2.57. This price stands 10% above the placement level. If investors exercise the warrants before March 2028, the company could raise another $276 million.

The full structure could therefore provide about $531 million in capital. The management designed the financing to provide additional funding capacity over time. The company plans to deploy much of the capital toward Bitcoin purchases. The structure also allows Metaplanet to access funding gradually when market conditions support it.

Inside Metaplanet’s Bitcoin Funding Plan to Support Its Treasury Expansion

Metaplanet plans to allocate a large portion of the proceeds to expand its Bitcoin holdings. The company set aside about 56.9 billion yen for BTC purchases. This amount equals roughly $357 million. The purchases will take place between April 2026 and March 2028.

Metaplanet has raised ~$255m from global institutional investors via a placement of new shares priced at a 2% premium, paired with fixed-strike warrants at a 10% premium that monetize our equity volatility for up to ~$276m in additional capital upon exercise. Up to ~$531m in… pic.twitter.com/0tg62TopGR

— Simon Gerovich (@gerovich) March 16, 2026

The company currently holds 35,102 Bitcoin on its balance sheet. These holdings carry an estimated value between $2.5 billion and $2.6 billion. The company then plans to expand the reserve to 210,000 Bitcoin by the end of 2027.

Metaplanet also approved the issuance of 100 million Moving Strike warrants. These instruments include a clause linked to the company’s modified net asset value metric. The metric, known as mNAV, compares enterprise value with the value of Bitcoin holdings. Investors may exercise the warrants only when the stock trades above 1.01 times mNAV.

In a related development, the company approved two wholly owned subsidiaries, Metaplanet Ventures K.K. and Metaplanet Asset Management, as it pushes into the digital asset space.

*Notice Regarding Establishment of Metaplanet Ventures K.K.* pic.twitter.com/PlaaRJ220M

— Metaplanet Inc. (@Metaplanet) March 12, 2026

Debt Reduction Plans and Market Reaction Follow the Latest Capital Strategy

Metaplanet will also allocate part of the proceeds to reduce outstanding debt. The company plans to direct about 21.1 billion yen toward repaying borrowings. The repayment relates to borrowings under the company’s credit facility.

Another 6.3 billion yen will support the company’s Bitcoin income generation business. These funds will serve as margin collateral for options underwriting activities. Metaplanet operates a $500 million credit facility backed by Bitcoin collateral.

The company monitors borrowing levels relative to the value of its Bitcoin holdings. The borrowing ratio recently reached about 11% of BTCNAV. The management aims to keep borrowings below 10% to preserve financial flexibility. This adjustment comes after recent changes in Bitcoin prices.

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