Metaplanet, the Japanese investment firm now focused on becoming a full-scale bitcoin treasury company, has unveiled its most aggressive move yet: a $5.4 billion equity raise aimed at rapidly expanding its BTC holdings.
The raise, dubbed the “555 Million Plan,” involves the issuance of 555 million new shares, accounting for 92.4% of the company’s total shares outstanding.
These will be offered through Japan’s version of an at-the-market facility — moving strike warrants — allowing for incremental equity sales over the next two years to minimize price volatility.
EVO FUND is serving as the allottee, with Evolution Japan Securities acting as the arranger.
The plan significantly expands Metaplanet’s BTC targets:
- 30,000 BTC by end of 2025 (up from 10,000)
- 100,000 BTC by end of 2026 (up from 21,000)
- 210,000 BTC by end of 2027, representing 1% of Bitcoin’s total 21 million supply
To reach its long-term goal, Metaplanet plans to use a mix of moving strike warrants, convertible bonds, preferred shares, and traditional debt instruments.
Kosta Gushterov
Reporter at Coindoo
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Source: https://coindoo.com/metaplanet-launches-5-4b-equity-raise-to-supercharge-bitcoin-treasury-strategy/