Japan’s Metaplanet Sets Ambitious US$5.3 Billion Target to Acquire Bitcoin Trove

Japanese investment firm Metaplanet has unveiled an aggressive Bitcoin acquisition strategy by announcing plans to issue up to 555 million new shares—a move valued at a whopping US$5.3 billion.

The capital raised is set to fund a massive increase in its Bitcoin (BTC) holdings over the next few years.

“On behalf of our shareholders, we aim to carefully and swiftly accumulate as much Bitcoin as possible,” the company said in an official statement.

Metaplanet is partnering with EVO Fund, a licensed securities issuer in Japan, to execute this bold move in the capital markets. The fresh share issuance is a core part of its strategy to expand its Bitcoin holdings from the current 8,888 BTC (worth approximately US$934 million) to an eye-watering target of 210,000 BTC by the end of 2027.

If successful, Metaplanet would control roughly 1% of the total supply of Bitcoin, positioning itself as one of the largest single holders globally. It’s no surprise that many in the crypto world have started referring to Metaplanet as the “MicroStrategy of Asia,” in reference to the US-based software firm that famously made Bitcoin its primary treasury asset.

Back in April 2024, Metaplanet made headlines with its initial Bitcoin purchases. Since then, it has continued to double down on its conviction that Bitcoin offers a hedge against inflation and long-term value preservation—especially in an era of uncertain monetary policies and mounting sovereign debt globally.

Metaplanet's board of directors reportedly approved the expanded capital raising initiative to capitalise on growing institutional and retail demand for crypto assets in Asia. According to insiders, part of the strategy also involves building a broader Bitcoin ecosystem within Japan, offering financial products and custody services related to BTC.

Industry analysts are keeping a close eye on Metaplanet’s moves, viewing them as a signal that more traditional financial players in Asia may soon adopt similar crypto-centric strategies.

However, not everyone is convinced. Critics warn that such a heavy concentration of capital into Bitcoin could expose shareholders to extreme volatility—especially if the crypto market faces sudden downturns.

Still, Metaplanet remains unfazed.

“This is a long-term bet, not a speculative one,” said a company spokesperson. “We believe Bitcoin will become the dominant digital asset in the next decade, and we’re positioning ourselves accordingly.”

The company’s bold ambitions come at a time when Japan is loosening some of its regulatory frameworks around digital assets, opening the door for greater institutional participation. With Bitcoin’s recent price resurgence and increasing mainstream adoption, Metaplanet’s timing could turn out to be just right.

For now, all eyes are on how the market reacts to the share offering—and whether other Asian firms might follow suit.

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