After a hiatus of almost three months, Metaplanet has revived its Bitcoin [BTC] accumulation plan. The Bitcoin Treasury company announced that it has raised $255 million after selling its shares to global investors.
According to Metaplanet CEO Simon Gerovich, there was a potential to raise another $276 million in capital if investors exercised strike warrants (an option to buy shares at higher prices at a later date).
Collectively, this would translate to $531 million along with Gerovich add That,
Up to ~$531 million in additional firepower on our march towards 210,000 BTC.
Will Metaplanet Fund a $5.55 Billion Bitcoin War Chest?
Metaplanet currently owns 35,102 BTC and the last purchase took place at the end of December 2025. Since then, the company has remained on the sidelines, even during the steep discount period when Bitcoin fell to the mid-$60,000s.
Still, the company aims to scale its supply from 35,000 BTC to 100,000 BTC by the end of this year. By 2027, Metaplanet aims to control 210,000 BTC and become one of the holders of 1% of the total BTC supply.
If the 2026 targets were met, the company would need to acquire 75,000 BTC in the next nine months, approximately $5.55 billion at the current market price. It is unclear whether it will raise this amount to achieve the 2026 BTC plan. But the CEO seems focused on turning around the stock’s volatility to raise the funds needed to reach the 210,000 BTC target.
Curiously, though, traders seemed bearish after the stock liquidation. On the Tokyo Stock Exchange, the shares of Metaplanet decreased 12% at the time of writing.
The company has now done just that diversified in venture financing and asset management, both aimed at scaling the BTC strategy.
Demand for BTC government bonds increases by 3.6%
That said, BTC treasuries have become major marginal buyers over the past 30 days. According to Bitcoin Treasuries factsPublic companies’ interest in BTC has increased by 3.6% and they now hold 1.178 million BTC, worth more than $87 billion. This was mainly driven by the aggressive ‘strategy’buy dip‘sprees.
Conversely, despite the recent renewed optimism, BTC ETFs saw demand increase collectively by 0.4% over the past 30 days.
Final summary
- Metaplanet’s CEO assured that the company’s plan to own 210,000 BTC by 2027 is still on track after raising $255 million.
- Overall, demand from BTC bond companies rose nearly 4%, surpassing ETFs’ paltry 0.4%.