Metaplanet Launches Asia’s Largest Funding Round — $5.4 B to Acquire 210,000 BTC by 2027
Japanese firm Metaplanet announced a major push: raising $5.4 billion via stock and warrant issuance to acquire 210,000 bitcoins by 2027—roughly 1% of Bitcoin’s total supply.
Originally a budget hotel operator, the company pivoted in 2024 to become Bitcoin-first. In the first year, it accumulated about 8,888 BTC (at an average price of $93,350), with a 2025 year-end target of 30,000 BTC.
The funding mechanism is unique: 555 million warrants priced at ¥1,388 (~$10.2) each—a record offering for Japan, to be rolled out over the next 6–10 months.
This model mirrors MicroStrategy’s strategy: treating Bitcoin as a corporate asset and acquiring more via public market instruments. Market response was strong—Metaplanet’s stock rose more than 15% immediately after announcement, and its two-year gain now exceeds 8,850%.
What this means for Bitcoin and crypto markets:
Metaplanet could become the second-largest corporate Bitcoin holder after MicroStrategy by 2027. This could restrict market liquidity and create a demand “floor” for BTC if others replicate this model in Asia. It also reinforces institutional confidence in digital assets in the region.
