Metaplanet has launched what is known as Asia’s largest stock raises dedicated to Bitcoin. According to CEO Simon Gerovich, the company has promoted 7790 billion yen ($5.4 billion) of capital to issue 555 million shares.
The company also acquired 1,088 BTC for 16.9 billion yen ($117.5 million), increased its on-chain holdings to 8,888 BTC, placing itself among the ten large corporate holders of assets.
The purchases executed on June 2nd coincides with a significant acceleration in the company’s capital market activity targeting Bitcoin accumulation, following the issuance of 500 billion yen ($330 million) of bonds in May.
Metaplanet $5.4 billion Bitcoin Plan
The new product is configured as a third-party allocation across three warrant series, with pricing designed to be relevant to market performance. Uniquely, warrants are issued at a market price premium, making them possible through promotion of the company’s trading liquidity and volatility.
The initial crossing price of 1,388 yen per share represents a premium over the recent closing price. The company aims to complete all salary increases over the expected six to ten months period.
The development follows what Metaplanet called the “220 million plan.” This is capital raise that has generated 93.3 billion yen ($650 million) in just 60 days through issuance of 210 million split shares.
During that period, Bitcoin Holdings will increase from 1,762 BTC to 7,800 BTC, representing 189% BTC yield as defined by the company’s internal metrics tracking the increase in BTC per fully diluted share. The company’s stock price has more than tripled since the initiative began.
As of June 2025, Metaplanet’s total BTC holdings were 8,888 BTC, acquiring an average price of 122.2 billion yen and approximately $93,354 per coin. For each company’s material, these holdings were fully funded through non-diluted liabilities and warrant-based equity mechanisms.
BTC’s KPI yield, which rose to 225.4% since the start of the year, reflects the company’s core operational targets. We are continuously increasing Bitcoin per share through structured capital market operations. The company also adjusted its year-end target yield to 600% and outlined its progressive target of 30,000 BTC by the end of 2025.
The Future of Metaplanet
Metaplanet has disclosed its revised long-term goal of obtaining 100,000 BTC by the end of 2026 and 210,000 BTC by 2027. This represents about 1% of the Bitcoin supply. These figures represent a five-fold increase in ambition compared to guidance issued at the beginning of the year.
The company’s deck predicts future issuance scenarios and sensitivity analyses based on expected MNAV trajectories and applies leverage through multiple capital instruments, including mobile strike warrants and potential permanent convertible securities.
The latest products highlight the role of metaplanet in bridging Japan’s traditional capital markets and digital assets. There, regulatory constraints continue to restrict retail investors’ access to spot Bitcoin.
By operating as a listed Bitcoin financial vehicle, the company offers a tax wrapper and equity-based exposure with NISA eligibility within the TSE framework and institutional access.
Metaplanet is one of the country’s top performers who has emerged as Japan’s most fluid equity by trading volumes and are extending years due to market capitalization growth.
With warrant-based financing tools, real-time financial operations and yield-oriented metrics driving shareholder engagement, the company has created an increasingly financialized model of Bitcoin accumulation.
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