Metaplanet Inc., the Tokyo-based investment firm renowned for its aggressive Bitcoin strategy, has approved an additional $5 billion capital contribution to its U.S. subsidiary, Metaplanet Treasury Corp, signaling the next phase of its long-term crypto acquisition campaign.
In a corporate disclosure filed on June 24, Metaplanet confirmed that the funding would accelerate the execution of its ambitious “555 Million Plan”, which aims to acquire 210,000 BTC by the end of 2027 or approximately 1% of Bitcoin’s total fixed supply.
U.S. Subsidiary to Spearhead Global Treasury Strategy
The additional capital will be injected into Metaplanet Treasury Corp, a Florida-based entity launched in May 2025, tasked with managing the firm’s U.S. treasury operations. Metaplanet emphasized that the United States offers the institutional depth, liquidity, and regulatory clarity needed to efficiently execute large-scale Bitcoin acquisitions.
The city of Miami was chosen as the operational hub due to its pro-Bitcoin stance and its growing status as a global digital asset center.
“We believe the U.S. market is uniquely positioned to facilitate our treasury expansion,” Metaplanet said in a statement, adding that all material financial impacts would be disclosed in due course.
The $5 billion is expected to be funded through the exercise of new stock acquisition rights, with no immediate change to previously outlined use-of-fund plans.
Growing Treasury: Now 11,111 BTC Worth $1.1 Billion
The announcement comes just a day after Metaplanet revealed a new Bitcoin purchase acquiring 1,111 BTC, bringing its total holdings to 11,111 BTC, now valued at over $1.1 billion. This further cements Metaplanet’s position among the top corporate Bitcoin holders globally, surpassing well-known firms like Coinbase and Hut 8.
Metaplanet has pursued an aggressive strategy of issuing convertible bonds and equity to fund its Bitcoin accumulation. The firm is now ranked as the eighth-largest Bitcoin holder in the world.
Investor Appetite, Premium Pricing, and Risks
Metaplanet’s stock has surged more than 300% year-to-date, driven by its transparent and bold Bitcoin accumulation roadmap. However, analysts are beginning to flag concerns over sustainability and valuation. Some estimates suggest that the implied BTC price in Metaplanet shares ranges from $596,000 to $759,000 per coin far above current spot prices around $105,000.
This premium reflects strong investor appetite for indirect exposure to Bitcoin through regulated equity markets, but it also raises concerns about dilution risk and market overheating.
Looking Ahead
With the approval of this $5 billion capital injection and its commitment to the 555 Million Plan, Metaplanet continues to signal unwavering conviction in Bitcoin as a treasury asset. Its strategy mirrors that of early adopters like MicroStrategy, but with a faster pace and more global infrastructure.
The company’s next steps will be closely watched by both crypto and equity market participants, as it seeks to bridge institutional finance and decentralized digital assets at an unprecedented scale.
