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Metaplanet secures $255M, targets $531M total raise to buy more Bitcoin

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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.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
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