Metaplanet Raises $515M to Accelerate Bitcoin Strategy, Targets 30,000 BTC by Year-End

TLDR:

• Metaplanet secures $515M through 540K exercised Series-20 stock warrants.
• New shares push company total to 654M, up from 600M in one day.
• Firm targets 30,000 BTC by 2025 and 100,000 BTC by 2026.
• 1.31M warrants remain, leaving room for further capital raises.

Metaplanet Inc., a Japan-listed firm, has initiated a major expansion effort with fresh capital raised through warrant exercises. 

On June 24, principal shareholder EVO Fund exercised over half a million Series-20 stock acquisition rights, triggering the issuance of 54 million new shares. This single-day transaction brought in approximately $515 million, significantly strengthening Metaplanet’s balance sheet. 

The move aligns with the company’s strategy to ramp up Bitcoin holdings to 30,000 BTC by year-end. A longer-term goal sets the target at 100,000 BTC by 2026, signaling a deeper pivot into digital assets.

According to an official filing, EVO Fund exercised 540,000 stock acquisition rights on June 24. These rights accounted for 29.19% of the total 1.85 million units issued. 

Each right converted into 100 shares, adding 54 million shares to Metaplanet’s outstanding stock. The newly issued shares brought the company’s total to over 654 million, up from 600 million the previous day. 

The exercise price was set at 1,388 yen per share, though the company has not yet disclosed proceeds in yen.

Metaplanet Plans Massive Bitcoin Holdings

The funding is expected to support Metaplanet’s Bitcoin acquisition strategy. According to Wu Blockchain, the company aims to hold 30,000 BTC by December 2025. 

Japan-listed Metaplanet said that principal shareholder EVO Fund exercised 540,000 Series-20 warrants, triggering the issue of 54 million new shares and raising about US $515 million on day one. The plan envisions issuing up to 555 million shares in total, with a target of…

— Wu Blockchain (@WuBlockchain) June 25, 2025

The long-term objective of reaching 100,000 BTC by 2026 places it among the most ambitious corporate Bitcoin holders globally. This aggressive timeline reflects growing confidence among Japanese firms embracing digital assets. 

Market watchers see this move as part of a broader institutional shift into Bitcoin, especially in Asia.

Despite the large exercise, 1.31 million rights remain unexercised, representing 131 million potential new shares. The company plans to issue up to 555 million shares through this series alone. This ongoing process gives Metaplanet flexibility to secure more capital in the months ahead. 

The firm previously detailed the terms in a June 6 announcement, outlining price adjustment and suspension clauses tied to the third-party allotment.

Shareholder Activity Signals Long-Term Crypto Confidence

Metaplanet’s bold expansion comes amid increasing crypto adoption among traditional firms. By converting stock acquisition rights, EVO Fund has effectively endorsed the company’s digital asset strategy.

The capital injection strengthens Metaplanet’s position as it builds a significant Bitcoin portfolio. As institutional involvement deepens, such moves may become more common across public markets.

The post Metaplanet Raises $515M to Accelerate Bitcoin Strategy, Targets 30,000 BTC by Year-End appeared first on Blockonomi.