After raising over 500 million dollars, Metaplanet's stock price fluctuated by 22%. Is the 555 plan favourable or unfavourable information?

Since announcing its 555 plan, Metaplanet has raised 74.9 billion yen (approximately $517 million) for the first time by issuing 54 million shares ( about 10% of the plan ) with an execution price of 1388 yen. Metaplanet shares opened lower this morning, as low as 1,251 yen, down more than 18%, but rose all the way at midday to close at 1,593 yen, up nearly 4% from the previous day, and oscillating as much as 22% on the day. Is such a large-scale equity expansion bullish or bearish?

( New Investment Opportunities for Bitcoin Enterprises! A Comprehensive Analysis of Japan's Metaplanet Investment )

What is Metaplanet's 555 plan?

Metaplanet announced the 555 plan on June 6, aiming to significantly increase its Bitcoin holdings, with a goal of holding 210,000 Bitcoins by the end of 2027, equivalent to 1% of the total Bitcoin supply.

issuance 5.55 million Moving-Strike Warrants

Fundraising target: approximately 770.9 billion yen (about 5.4 billion USD)

Purpose: 95% of the funds will be used to increase holdings of Bitcoin, and the remaining portion will be used for bond redemption and yield strategies.

Moving-Strike Warrants are a type of warrants (strike price) that have an exercise price that varies according to market prices, commonly used by companies during flexible fundraising. The exercise price of Moving-Strike Warrants is usually set below the market price, giving investors an incentive to exercise their rights even when the stock price is falling.

Metaplanet has simultaneously revised its Bitcoin holding target:

End of 2025: 30,000 BTC holdings (up from the previous target of 10,000)

End of 2026: Holding 100,000 Bitcoins

End of 2027: Holding 210,000 Bitcoins

Raised over 500 million dollars, with the execution price higher than the market price.

On June 24, 2025, Metaplanet raised 74.9 billion yen (approximately 517 million USD) for the 10% of the ( project by issuing 54 million shares of ) for the first time after the "555 Project," with an execution price of 1,388 yen.

The execution price this time is 1,388 yen, which is 1.83% higher than the closing price of the previous day before the pricing date. This is the first case of Moving-Strike Warrants in Japan where the "execution price is higher than the market price," indicating strong demand from investors.

Is the stock price surge and wash favourable or unfavourable information?

According to the 555 plan, Metaplanet's issuance of 555 million Moving-Strike Warrants, if fully exercised, will lead to the issuance of an additional 555 million shares, significantly diluting the existing 759 million shares ( that have previously been issued but not exercised warrants ).

Metaplanet opened this morning with its stock price declining all the way, hitting a low of 1,251 yen, a drop of over 18%. However, during the afternoon session, it surged all the way up, ultimately closing at 1,593 yen, up nearly 4% from the previous day, with a daily fluctuation of as much as 22%. Perhaps investors are trying to digest the pros and cons between such a massive expansion of capital and the large-scale purchase of Bitcoin.

Metaplanet's stock price has surged by 325% this year, making it one of the best-performing Japanese stocks.

After raising over 500 million in the Metaplanet article, the stock price fluctuated by 22%. Is the 555 plan favourable or Unfavourable Information? First appeared in Chain News ABMedia.