Metaplanet Launches $5.3 Billion Stock Warrant Deal to Buy Bitcoin

Metaplanet, a Tokyo-listed company, has initiated a $5.3 billion plan to expand its bitcoin holdings by issuing 555 million shares through stock acquisition rights.

This represents the largest stock warrant issuance in Japan's history.
The new warrants feature an adjustable exercise price based on market conditions.
The initiative is part of the "555 Million Plan," following the "21 Million Plan" that previously raised $600 million and accumulated nearly 9,000 BTC.
The goal is to increase BTC holdings to over 210,000 by 2027, equating to approximately 1% of the total bitcoin supply.
Nearly 96% of the raised capital will be directed toward purchasing bitcoin, with some allocated for bond redemptions and income-generating strategies.
Metaplanet views BTC as a hedge against Japan’s negative interest rates and weakening yen.
The issuance includes measures to minimize dilution and protect shareholder interests.
Shares will be sold to EVO FUND, a Cayman-based fund supporting Metaplanet's financing efforts.

Metaplanet's shares have increased by over 275% this year, although they declined by 1.6% in the latest trading session.