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Metaplanet Stock – Metaplanet’s “555 Million Plan”: The Biggest Bitcoin Buyout in Asia?
Metaplanet Stock – Tokyo-listed Metaplanet has successfully raised 74.9 billion JPY ($515 million) as part of its ambitious strategy to acquire a substantial stake in Bitcoin’s capped supply of 21 million coins. This fundraising comes on the heels of the company’s recently announced plan to purchase 1% of Bitcoin’s total supply, aiming to strengthen its position in the growing cryptocurrency market.
Stock Acquisition Rights Exercise Drives Capital Injection
According to a regulatory filing on Wednesday, Metaplanet’s primary investor, EVO Fund, exercised 540,000 stock acquisition rights, which converted into 54 million new shares. This issuance represents 29% of the company’s 20th warrant series, with approximately 1.31 million rights remaining, equivalent to 131 million shares. The company confirmed that this move raised 74.9 billion JPY in equity capital on the first day of the “555 Million Plan.”
The “555 Million Plan” and Bitcoin Accumulation Goals
Metaplanet plans to issue a total of 555 million shares, nearly 92% of its total outstanding shares, with the goal of raising $5.4 billion to fund BTC acquisitions. The “555 Million Plan” supports the company’s ambitious target to hold 30,000 BTC by the end of 2025, 100,000 BTC by 2026, and an extraordinary 210,000 BTC by 2027.
Achieving these milestones would position Metaplanet alongside Michael Saylor’s Strategy—the only company currently owning over 1% of Bitcoin’s total supply, holding approximately 592,345 BTC since 2020.
Current Holdings and Expansion Plans
As of now, Metaplanet holds 11,111 BTC, having recently acquired an additional 1,111 bitcoins on Monday. Furthermore, the company is set to inject $5 billion into its U.S. subsidiary, aiming to accelerate its global expansion strategy.
Following the announcement, shares of Metaplanet, often dubbed “Asia’s Strategy,” experienced a decline of up to 5%, as reported by Yahoo Finance, reflecting market reactions to the aggressive capital raising effort.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
