Metaplanet Raises $5.4 Billion for Bitcoin Expansion Strategy

Metaplanet has secured a significant equity raise of $5.4 billion, dubbed the “555 Million Plan.” This initiative involves the issuance of 555 million new shares, representing approximately 92.4% of the company’s existing share capital. The allocation of these shares will be facilitated through Japan’s at-the-market facility for incremental equity sales over the next two years, aiming to minimize price volatility. EVO FUND serves as the allottee and Evolution Japan Securities is acting as the arranger for this offering.