Metaplanet Sets Sights on 100K Bitcoin With $5.3B Equity Raise

Japanese investment firm Metaplanet announced on June 6, 2025, a plan to buy 91,112 Bitcoin (BTC) in the next 18 months, with a target to reach a total of 100,000 BTC by the end of 2026. The plan represents a 376% increase from its previous goal of 21,000 BTC, in line with its intention to reach the ranks of top corporate Bitcoin holders globally.

As of June 2, 2025, the company holds 8,888 BTC, following a recent acquisition of 1,088 BTC. 

Metaplanet aims to hold over 210,000 BTC by 2027 and to be among the “1% Club” of wallets holding a minimum of 1% of Bitcoin’s 21 million supply.

Corporate Bitcoin Holders (Source: Bitcoin Treasuries)

CEO Simon Gerovich linked the strategy to global economic uncertainties, including geopolitical risks and sovereign debt risks. 

Bitcoin’s scarcity, ease of custody, and lack of credit intermediaries make it a compelling asset at uncertain times within traditional financial systems. This move comes after Metaplanet’s previous success in making it the first corporate Bitcoin adopter in Japan.

Metaplanet’s $5.32 Billion Stock Warrant Financing

To fund such aggressive purchases, Metaplanet will raise 770.3 billion Japanese yen, valued at $5.32 billion USD, with one of Japan’s largest stock warrant deals, issuing acquisition rights for up to 555 million shares at an initial exercise price of 1,388 yen, valued at $9.6 USD.

This “555 million plan” is a follow-up to a previous 210 million share plan linked to the 21,000 BTC target. The company’s Bitcoin strategy has brought strong returns, with a 170% year-to-date return in 2025 and a 309.8% Q4 2024 return, according to recent data.

The equity raise’s success depends on investor sentiment and market dynamics, with Bitcoin’s price volatility and regulatory uncertainties in Japan posing risks. 

Metaplanet’s stock has surged, gaining 3.8% on May 12, 2025, and rising approximately 4,800% since April 2024, showing signs of strong market confidence in its approach.

Metaplanet Plan Signals Shift in Corporate Treasuries  

Metaplanet’s approach is similar to that of Strategy, which holds over 580,955 BTC, and is in line with a Standard Chartered survey that found 61% of corporate treasuries considering Bitcoin strategies, as reported by Ecoinimist.

This trend reveals a growing corporate interest in cryptocurrencies as a hedge against declining traditional assets, such as government bonds, and rising gold prices. 

In Asia, regulatory challenges, including recent cryptocurrency exchange liquidations, are proof of potential obstacles. The plan could influence corporate treasury strategies in Japan, potentially inspiring other companies to adopt Bitcoin. 

Metaplanet’s announcement, shared in an X post, has garnered major attention, which is an investment vote of confidence. However, achieving the 100,000 BTC target will require navigating Bitcoin’s volatility and regulatory challenges.