Metaplanet, the Tokyo-listed investment firm pursuing a Bitcoin-focused treasury strategy, has raised approximately $255 million from global institutional investors as it advances its long-term Bitcoin accumulation goal.
According to CEO Simon Gerovich, the company may receive up to $276 million more if certain warrants are exercised, giving total potential funding of around $531 million to support its plan to accumulate 210,000 BTC.
Metaplanet has raised ~$255m from global institutional investors via a placement of new shares priced at a 2% premium, paired with fixed-strike warrants at a 10% premium that monetize our equity volatility for up to ~$276m in additional capital upon exercise. Up to ~$531m in… pic.twitter.com/0tg62TopGR
— Simon Gerovich (@gerovich) March 16, 2026
Metaplanet currently holds 35,102 BTC, valued at approximately $2.6 billion at current market prices. This positions the company as the third-largest Bitcoin treasury globally, trailing only Strategy and MARA Holdings, which together hold 792,553 BTC.
Strategy, the largest crypto treasury firm, is expected to announce a new Bitcoin acquisition today, following hints from Executive Chairman Michael Saylor and last week’s preferred share sale that raised additional funds.
Metaplanet targets holdings of 100,000 BTC by the end of 2026 and 210,000 BTC by the end of 2027.
As part of its expansion plans, the firm intends to establish a US subsidiary, Metaplanet Asset Management, to support venture investments and develop digital asset financial services linked to Bitcoin capital markets.