Metaplanet, the Japanese investment firm, is making a bold pivot towards Bitcoin with its ambitious “555 Million Plan.” The company recently raised over $517 million on the first day of this groundbreaking initiative, showcasing strong early momentum in one of Asia’s largest crypto-focused capital raises.
The funding was secured through the issuance of 54 million new shares, with EVO Fund exercising a portion of its stock acquisition rights. Metaplanet aims to raise a total of $5.4 billion through the 555 Million Plan, with the goal of acquiring 210,000 Bitcoin by the end of 2027, which represents roughly 1% of the total Bitcoin supply.
Shares were issued at ¥1,388 each, generating approximately ¥74.9 billion or $517.8 million. This initial funding round accounts for about 10% of the total 555 million shares that the company plans to release.
Metaplanet recently received board approval to commit up to $5 billion to its US subsidiary, Metaplanet Treasury Corp, based in Florida. The American arm will oversee Bitcoin acquisition and treasury operations, leveraging US capital markets and institutional infrastructure to support the company’s global strategy.
By following a strategy similar to US-based MicroStrategy, which has acquired over 1% of Bitcoin’s total supply through equity raises, Metaplanet aims to establish itself as a digital asset leader in Japanese capital markets. 96% of the funds raised will be allocated to Bitcoin purchases, with the remainder earmarked for bond redemptions and yield-generating strategies.
With the recent issuance, Metaplanet’s total outstanding shares have exceeded 654 million. If the 555 Million Plan is fully executed, Metaplanet could become one of the world’s largest corporate holders of Bitcoin, solidifying its position as a key player in the rapidly expanding digital asset economy.
In conclusion, Metaplanet’s successful fundraising efforts on the first day of the 555 Million Bitcoin Plan demonstrate the company’s commitment to embracing the future of finance through strategic investments in cryptocurrency.