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Metaplanet, a 
Bitcoin treasury firm based in Tokyo, raised $515 million via stock issuance as part of its '555 Million Plan' to acquire 1% of Bitcoin's total supply. The strategy aims to grow their BTC holdings to 30,000 by 2025 and as high as 210,000 by 2027. Investors include EVO Fund, signaling strong institutional support despite market uncertainties.
What’s the Scoop?
- Massive Fundraise: Metaplanet raised $515M by issuing 54M shares, representing 29% of the company's 20th warrant series.
- Ambitious Accumulation: The '555 Million Plan' targets 30,000 BTC by 2025, expanding to 210,000 BTC by 2027 to secure 1% of Bitcoin's total supply.
- Institutional Backing: Primary backer EVO Fund converted 540,000 stock-acquisition rights to support Metaplanet's aggressive BTC purchase strategy.
- Market Response: Metaplanet's stock fell 5% following the news, reflecting mixed investor sentiment surrounding this bold strategy.
