Metaplanet Stock Drops 25% as $517M Raised in Bold Bitcoin Expansion

Metaplanet Inc., the Japanese Bitcoin-holding company, saw its stock price drop 25% over the past week despite launching its “555 Million...

Written by: Arslan Butt • Wednesday, June 25, 2025 • 2 min read

• Last updated: Wednesday, June 25, 2025

Quick overview

Metaplanet Inc. experienced a 25% drop in stock price despite launching its '555 Million Plan', which raised $517 million through new share issuance.
The company's Bitcoin strategy remains intact, with a goal to hold 210,000 BTC, representing 1% of Bitcoin's total supply, by 2027.
Metaplanet is expanding its US operations with a $5 billion commitment to its subsidiary in Florida, aiming to become the largest corporate Bitcoin holder in Asia.
The company's recent financial maneuvers have significantly improved its balance sheet and attracted institutional interest.

Metaplanet Inc., the Japanese Bitcoin-holding company, saw its stock price drop 25% over the past week despite launching its “555 Million Plan”. As of Wednesday, the stock price fell 12% to 1,256 JPY after reaching a 12-year high of 1,900 JPY last week. The decline is due to profit taking after the big rally but it didn’t shake the company’s Bitcoin strategy.

On the first day of the plan, Metaplanet raised around $517 million by issuing 54 million new shares through its 20th series stock acquisition rights. This allowed the company to retire $281 million in 0% ordinary bonds and improve its balance sheet. The move increased its Bitcoin Net Asset Value/Debt ratio from 4.0x to 97.8x according to Bitcoin strategist Dylan LeClair.

Metaplanet currently holds around $1.18 billion worth of Bitcoin and has a minimal bond liability of just $12 million which is attracting institutional interest including Citigroup.

The Goal: 1% of Bitcoin Supply

Metaplanet’s long term vision under the “555 Million Plan” is to hold 210,000 BTC – 1% of Bitcoin’s total supply – by 2027. The company will achieve this by raising capital through a combination of equity and debt instruments.

Highlights of the plan:

Capital raises across Japan and the US
Funds deployed exclusively for Bitcoin acquisitions
Reduction of bond liabilities to increase asset efficiency

The company’s BTC focused treasury strategy is to make Metaplanet the largest corporate Bitcoin holder in Asia just like MicroStrategy is in the US.

US Expansion with $5B Commitment

In a separate announcement, Metaplanet announced a $5 billion funding for its US subsidiary MTPLF to scale its Bitcoin holdings and expand its operations in Florida. CEO Simon Gerovich confirmed the company’s growing US presence saying:

“We’re increasing our commitment to Florida by 20x. Miami was the right choice.”

This expansion is in line with the company’s plan to make Florida the hub of its US operations. As global corporate interest in Bitcoin grows, Metaplanet is determined to lead the charge from both Tokyo and Miami.

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ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.