Step 1: Sign into Office 365 admin portal via https://portal.office.com
Step 2: Click on Admin from the left pane and navigate to Security center.
Step 3; Now navigate to Threat Management > Policy > Anti-spam settings.
Step 4: Expand Outbound spam filter policy (always ON) and click on Edit policy.
Step 5: Expand Recipient Limits section and enter the recipient limit in the Daily limit box.
Step 6: Click Save.