Metaplanet, a Japanese corporation focused on Bitcoin treasury management, has announced intentions to secure over 130 billion Japanese Yen (approximately $880 million USD) through an international offering of shares. The primary objective of this capital raise is to significantly increase its Bitcoin holdings.
In a recent statement on August 27th, the company revealed that its board of directors has authorized the creation and issuance of up to 555 million new shares. Pending shareholder approval scheduled for September 1st, Metaplanet’s total number of outstanding shares will expand substantially from 722 million to roughly 1.27 billion.
This share offering will target international markets, with sales within the United States restricted to Qualified Institutional Buyers, adhering to Rule 144A of the Securities Act of 1933.
According to the Tokyo-based organization, this strategic move aims to broaden its investor base beyond Japan. The goal is to attract long-term investments from institutions and improve trading activity within the global financial landscape.
Bitcoin Purchases
Metaplanet plans to allocate around JPY 123.8 billion (about $835 million USD) of the incoming funds specifically for Bitcoin acquisitions. These purchases are expected to take place between September 2025 and October 2025.
Company leaders have stated that this move intends to increase the company’s Bitcoin net asset value (BTC NAV), which forms the foundation of its preferred shares, and simultaneously maximize Bitcoin per share and overall return on investment.
Currently listed on the Tokyo Stock Exchange, Metaplanet holds the position as the seventh-largest corporate holder of Bitcoin, possessing 18,991 BTC, which is estimated to be worth about $2.1 billion, as reported by Bitcoin Treasuries data.
Its strategic accumulation of Bitcoin, which began in April 2024, has steadily positioned the company as a regional equivalent to Strategy (formerly known as MicroStrategy), a U.S.-based firm.
In addition to direct Bitcoin acquisitions, Metaplanet intends to allocate JPY 6.5 billion (approximately $44 million USD) to its “Bitcoin Income Business.” This division generates revenue by employing strategies such as selling covered call options and expanding put option strategies related to its Bitcoin holdings.
This program is already showing profitability, and the company anticipates that the new investment will facilitate the expansion of operations through December 2025.
By combining an aggressive Bitcoin accumulation strategy with revenue-generating initiatives, Metaplanet is relying on Bitcoin to serve not only as a reserve asset but also as a continuous source of income.
This strategy underscores the company’s objective of establishing a treasury-first business model, strengthening connections with global institutional investors, and establishing a more robust financial foundation for long-term growth.