Japan-based Metaplanet Inc. has raised 74.9 billion JPY (approximately $515 million) through the initial exercise of its 20th series of stock acquisition rights, marking the first major step in its ambitious plan to acquire 1% of Bitcoin’s total supply.
In a filing dated June 25, the company confirmed that its key financial partner, EVO Fund, exercised 540,000 stock acquisition rights on June 24, resulting in the issuance of 54 million new shares. This represents 29.19% of the 1.85 million rights allocated in the 20th series.
Following this transaction, 1.31 million rights—equivalent to 131 million potential shares—remain unexercised. The total program, announced earlier this week, aims to issue 555 million new shares, a figure that equals approximately 92% of Metaplanet’s total outstanding shares, in a bold move to raise $5.4 billion for Bitcoin purchases.
The capital raise underscores Metaplanet’s aggressive positioning as a publicly listed Bitcoin holding company. “74.9 billion JPY in equity capital raised on the first day of the ‘555 million plan’ through the issuance of 54 million shares via the exercise of the 20th series of stock acquisition rights,” the company stated in its announcement.
This strategic financial maneuver aligns with Metaplanet’s previously declared intent to acquire 1% of Bitcoin’s fixed 21 million supply, making it one of the most ambitious corporate BTC accumulation efforts to date. The company is listed on the Tokyo Stock Exchange Standard Market under ticker 3350.
With more than 130 million shares still authorized for issuance under this round, further capital inflows are expected in the coming weeks—potentially bringing Metaplanet closer to its multi-billion-dollar Bitcoin reserve goal.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/metaplanet-raises-515m-on-first-day-of-5-4b-bitcoin-plan/