Tokyo-listed Metaplanet raised 74.9 billion JPY ($515 million) to buy more bitcoin following the recently announced plan to acquire 1% of BTC’s 21 million supply.
A Wednesday filing showed that Metaplanet’s primary backer, EVO Fund, exercised 540,000 stock-acquisition rights, converting them into 54 million new shares. The issuance covers 29% of the company’s 20th warrant series, while about 1.31 million rights, equal to 131 million shares, remain.
“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.
The massive sale follows Metaplanet’s announcement that it will issue 555 million shares, about 92% of the total outstanding shares, to raise $5.4 billion in new capital for bitcoin purchases.
Dubbed the “555 Million Plan,” the move is part of Metaplanet’s target to amass 30,000 BTC by the end of 2025. In the long term, the company aims to reach 100,000 bitcoins by 2026.
Doing so would add the Japanese firm to an exclusive 1% BTC club — firms with at least 1% of bitcoin’s hard-capped 21 million supply. Only one company, Michael Saylor’s Strategy, belongs to this class, with 592,345 bought since 2020.
Metaplanet currently holds 11,111 BTC after it bought 1,111 bitcoins on Monday. The firm also plans to inject $5 billion into its U.S. subsidiary in a global expansion push. Shares of the Tokyo-based entity, hailed as Asia’s Strategy, fell as much as 5% after its latest raise, according to Yahoo Finance.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
