Tokyo-based company Metaplanet has launched an ambitious Bitcoin accumulation plan, raising over $517 million in the first day of fundraising.
Initial Success in Fundraising
The first tranche of Metaplanet’s new capital plan, named the '555 Million Bitcoin Plan', successfully raised over $517 million on its first day. The funds were raised through the issuance of 54 million new shares priced at ¥1,388 (approximately $9.59) per share.
Bitcoin Accumulation Strategy
Metaplanet aims to raise a total of $5.4 billion to purchase up to 210,000 Bitcoin, roughly 1% of the total Bitcoin supply. The company plans to use 96% of the raised funds for Bitcoin purchases, while the remainder will support bond redemptions and yield-generating strategies.
Market Impact and Future of Metaplanet
Metaplanet seeks to capture a leading role in the digital economy across the Asia-Pacific region, reflecting the growing institutional interest in Bitcoin. If the full $5.4 billion target is met, it will allow Metaplanet to compete with major players like MicroStrategy in total Bitcoin holdings.
Metaplanet takes a significant step toward establishing a new standard for corporate Bitcoin accumulation strategies, highlighting the increasing institutional interest in digital assets amid global economic uncertainty.
