Metaplanet has announced the launch of an extensive fundraising program for Bitcoin accumulation through stock issuance.
Details of the Stock Issuance
In a filing dated June 25, the company confirmed that its key financial partner, EVO Fund, exercised 540,000 stock acquisition rights on June 24, resulting in the issuance of 54 million new shares. This represents 29.19% of the 1.85 million rights allocated in the 20th series. Following this transaction, 1.31 million rights—equivalent to 131 million potential shares—remain unexercised.
Bitcoin Accumulation Strategy
The program, announced earlier this week, aims to issue 555 million new shares, a figure that equals approximately 92% of Metaplanet’s total outstanding shares. This initiative serves as a bold move to raise $5.4 billion for Bitcoin purchases. "74.9 billion JPY in equity capital raised on the first day of the ‘555 million plan’ through the issuance of 54 million shares," the company stated in its announcement.
Potential Next Steps
With more than 130 million shares still authorized for issuance under this round, further capital inflows are expected in the coming weeks—potentially bringing Metaplanet closer to its multi-billion-dollar Bitcoin reserve goal. The company is listed on the Tokyo Stock Exchange under ticker 3350.
The launch of the stock issuance program underscores Metaplanet's aggressive strategy as a publicly listed company aiming to become a significant player in the Bitcoin market.
