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

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.

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