Metaplanet secures $255M, targets $531M total raise to buy more Bitcoin
Metaplanet raised $255 million to fund its goal of accumulating 210,000 Bitcoin by 2027.Summary
Metaplanet, a Tokyo-listed firm employing a Bitcoin-focused treasury strategy, has successfully raised approximately $255 million from global institutional investors through a placement of new shares and warrants. CEO Simon Gerovich indicated that exercising warrants could bring the total funding to about $531 million, which will support the company's long-term goal of accumulating 210,000 BTC. Currently, Metaplanet holds 35,102 BTC, making it the third-largest corporate Bitcoin treasury globally. The firm aims to hold 100,000 BTC by the end of 2026 and 210,000 BTC by the end of 2027. Furthermore, Metaplanet plans to establish a US subsidiary, Metaplanet Asset Management, to facilitate venture investments and develop Bitcoin-linked digital asset financial services.
(Source：Crypto Briefing)