Metaplanet Bets Big on Bitcoin, Eyes $5.3B Raise to Become a Global Digital Reserve Pioneer
In a bold pivot toward digital monetary strategy, Japan’s Metaplanet has unveiled plans to raise ¥850 billion (~$5.3 billion) through an unprecedented stock warrant program aimed at massively scaling its Bitcoin reserves.
The initiative, titled the “555 Million Plan,” will see the issuance of 555 million new shares via stock acquisition rights. If fully executed, Metaplanet could accumulate as much as 210,000 BTC by 2027—a level that would place it among the largest institutional holders globally, rivaling sovereign wealth funds and surpassing many Fortune 500 treasuries.
Replacing Yen Exposure with Bitcoin: A Strategic Hedge
Metaplanet has made no secret of its thesis: Japan’s monetary environment—defined by prolonged deflation, zero interest rates, and a weakening currency—requires a radical hedge. Bitcoin, in their view, is the antidote.
The company stated that 96% of funds raised will be deployed directly into Bitcoin. The remaining 4% will support structured yield strategies, such as selling puts and managing bond redemptions, aligning with a long-term capital optimization strategy.
Innovation in the Face of Tradition
The offering breaks new ground in Japanese capital markets. Using a moving strike warrant structure, the exercise price dynamically adjusts based on market conditions—mitigating dilution while preserving flexibility. Importantly, all warrants are set to be exercised at or above the current market price, and include shareholder protections such as a minimum price floor and pause mechanisms.
EVO FUND, a Cayman Islands-based institutional backer, will again anchor the round, continuing its partnership from Metaplanet’s earlier $600 million “21 Million Plan,” which funded the firm’s existing ~9,000 BTC treasury.
The Bigger Picture: A New Reserve Archetype
More than a capital raise, this is a signal: Metaplanet is redefining what a modern reserve strategy looks like in an age of fiat erosion. In doing so, it joins a small but growing cohort of public companies reshaping treasury operations around programmable, decentralized assets.
Despite the scale of issuance, Metaplanet shares dipped just 1.6% on the day of the announcement—underscoring investor alignment with the company’s long-term vision. The stock remains up over 275% year-to-date, buoyed by institutional interest and crypto-aligned capital.
If realized in full, Metaplanet’s accumulation would represent a seismic shift in Japan’s financial DNA—one that transforms the company from a listed entity into a sovereign-grade Bitcoin reserve.
Share this content:
