Metaplanet Bitcoin Plan Boosts Shares
Metaplanet Bitcoin plan to raise $5.4 billion for its treasury sent its Tokyo-listed shares soaring at the open on June 9, underlining growing institutional appetite for corporate crypto exposure.
Metaplanet Bitcoin shares (3350 T) jumped over 12 % to 1,505 yen ($10.42) at market open, before peaking at 1,641 yen ($11.36)βa 22 % intraday surgeβas investors reacted to the ambitious acquisition strategy.
Metaplanet Bitcoin updated its stock acquisition rights program on June 6, boosting its target from 21,000 BTC to 210,000 BTC by end-2027βa tenfold increase designed to establish it as a leading corporate holder of the asset.
Metaplanet Bitcoin currently holds 8,888 BTC following its latest acquisition of 1,088 BTC on June 2, and plans to accumulate 100,000 BTC by end-2026 as part of its so-called β555 million plan,β which envisages buying 201,112 BTC through 2027 at a total cost exceeding $21 billion.
Metaplanet Bitcoinβs funding will come via what the company describes as Japanβs largest stock-warrant issuance, enabling it to raise roughly $5.4 billion in equity capital to underwrite its crypto-treasury expansion.
If Metaplanet Bitcoin successfully executes its strategy, it would become the second-largest public corporate Bitcoin holderβtrailing only MicroStrategy (NASDAQ: MSTR)βshifting the balance of power among crypto-treasury companies.
The Metaplanet Bitcoin move reflects a broader corporate trend: public companies now hold over 3 million BTC worth $342 billion, accounting for roughly 3.2 % of the total supply, as firms seek to hedge inflation and embrace digital assets.
Recent entrants into corporate Bitcoin treasuries include South Koreaβs K Wave Media on June 4, Franceβs Blockchain Group (whose shares jumped 225 % post-announcement), and Indonesiaβs DigiAsia Corp, which saw a 91 % rally after unveiling its own $100 million BTC plan.
Not all corporate Bitcoin plans have sparked ralliesβNorwegian brokerage K33 saw its shares dip 1.96 % after announcing intent to buy BTCβbut investor sentiment remains broadly favorable toward companies with long-term crypto strategies.
Metaplanet Bitcoinβs stock performance this week (up 24 % over five trading days) underscores investor confidence in bold, multi-year crypto-treasury strategies and may inspire further corporate bids to accumulate Bitcoin as part of treasury diversification.