Key Takeaways
- Metaplanet plans to lift $5.4B to purchase 210,000 BTC by 2027.
- It at present holds 8,888 BTC after a $117.5M June buy.
- The corporate raised $650M in 60 days throughout a previous share issuance.
Metaplanet has launched an enormous ¥770.9 billion ($5.4 billion) capital elevate, aiming to buy as much as 210,000 BTC—roughly 1% of Bitcoin’s whole provide—by 2027.
The Japanese agency is issuing 555 million shares through shifting strike warrants in what it calls Asia’s largest fairness elevate devoted to Bitcoin.
Warrant construction & pricing
CEO Simon Gerovich described the construction as a third-party allotment throughout three warrant collection, priced at a premium to market charges.
The preliminary strike value of ¥1,388 per share exceeds current buying and selling costs. The complete elevate is anticipated to finish in six to 10 months.
Latest acquisitions & holdings
Metaplanet’s newest acquisition of 1,088 BTC for ¥16.9 billion ($117.5 million) brings its whole holdings to eight,888 BTC as of June 2025, inserting it among the many prime ten public company holders.
These property had been acquired solely by non-dilutive debt and warrant-based fairness mechanisms at a median value of $93,354 per coin.
Monetary efficiency & targets
The corporate’s inside “BTC yield” metric has risen to 225.4% year-to-date.
Throughout its earlier “210 Million Plan,” it raised ¥93.3 billion ($650 million) in simply 60 buying and selling days, rising its holdings from 1,762 to 7,800 BTC.
Lengthy-term targets & market place
Metaplanet has up to date its long-term targets to 100,000 BTC by finish of 2026 and 210,000 BTC by 2027.
It stays Japan’s most liquid fairness by buying and selling quantity and among the many yr’s prime performers in market cap development.