In a major development for institutional Bitcoin adoption, Japanese Bitcoin treasury company Metaplanet has unveiled an ambitious plan to acquire over 210,000 BTC by 2027 – equivalent to 1% of Bitcoin’s total supply. This strategic move, dubbed the ‘555 Million Plan,’ represents a significant expansion of the company’s previous Bitcoin accumulation targets.
The announcement comes amid growing institutional interest in Bitcoin treasury strategies, as highlighted in recent analysis from Standard Chartered regarding Bitcoin treasury risks. However, Metaplanet’s approach demonstrates strong confidence in Bitcoin’s long-term value proposition.
Key Details of Metaplanet’s Bitcoin Accumulation Strategy
- Target: 210,000 BTC by end of 2027
- Current holdings: 8,888 BTC
- Funding: ¥770.9 billion ($5.4B) equity raise
- Implementation: 555 million shares via moving strike warrants
Performance Metrics and Projections
Metaplanet has demonstrated impressive Bitcoin yield performance:
| Period | BTC Yield |
|---|---|
| Q3 2024 | 41.7% |
| Q4 2024 | 309.8% |
| Q1 2025 | 95.6% |
| Q2 2025 | 66.3% |
Financing Structure
The company is implementing an innovative financing approach through:
- 20th to 22nd Series of Stock Acquisition Rights
- Third-party allotment to EVO FUND
- Initial exercise price: JPY 1,388
- Exercise period: June 24, 2025 – June 23, 2027
Frequently Asked Questions
Q: How does this compare to MicroStrategy’s Bitcoin holdings?
While MicroStrategy currently holds approximately 190,000 BTC, Metaplanet’s target of 210,000 BTC would make it the largest corporate Bitcoin holder globally.
Q: What impact might this have on Bitcoin’s price?
Such large-scale institutional accumulation could significantly impact Bitcoin’s supply dynamics and potentially drive price appreciation.
Q: How will this affect Metaplanet’s share structure?
The plan will increase fully diluted shares to approximately 759 million, following the recent 10-for-1 stock split.
As institutional Bitcoin adoption continues to accelerate, Metaplanet’s ambitious strategy could set a new precedent for corporate treasury management in the crypto era.
