Metaplanet (TYO:3350) aims to acquire 210,000 BTC by the end of 2027, with interim targets of 30,000 BTC for fiscal year 2025 and 100,000 BTC for fiscal year 2026.
To fund this, the company plans to raise approximately 770 billion yen through an issuance of 555 million shares via moving strike warrants, with an expected execution timeline of 6 to 10 months.
In a separate filing, Metaplanet is issuing the shares across its 20th to 22nd Series of stock acquisition rights through a third-party allotment, with each unit priced at 114 yen for the 20th series, 99 yen for the 21st series and 89 yen for the 22nd series.
As of June 2, Metaplanet has accumulated 8,888 BTC, acquired at a total cost of 122.2 billion yen or $829.7 million.
The company has already achieved 89% of its 10,000 BTC target for fiscal year 2025 within five months.