Metaplanet has announced plans to raise $880 million through an international share sale, with over $835 million set aside to buy more Bitcoin as part of its bold treasury strategy.
Key Takeaways
- Metaplanet will raise ¥130.3 billion ($880 million) by issuing up to 555 million new shares overseas.
- ¥124 billion ($837 million) will be used to buy Bitcoin between September and October 2025, continuing its rapid accumulation strategy.
- The Tokyo-listed firm currently holds 18,991 BTC worth around $2.1 billion, one of the largest corporate holdings in Asia.
- The move is part of a broader plan to eventually hold over 210,000 BTC by 2027, aiming to represent more than 1% of Bitcoin’s total supply.
What Happened?
Japanese investment firm Metaplanet is making headlines again with an ambitious plan to raise $880 million through an overseas share offering. Nearly all of the funds are earmarked for expanding its Bitcoin treasury as part of its long-term digital asset strategy.
*Notice Regarding Issuance of New Shares by way of International Offering* pic.twitter.com/wvvepNrXpH
— Metaplanet Inc. (@Metaplanet_JP) August 27, 2025
Metaplanet’s Bold Bitcoin Push
Metaplanet, which is listed in Tokyo, approved a plan to issue up to 555 million new shares, potentially increasing its outstanding shares to 1.27 billion. The offering is aimed at institutional investors outside Japan and is not registered under the US Securities Act.
- Share pricing will be finalized between September 9 and 11, 2025.
- The funds will be used primarily for Bitcoin purchases, with $835 million (¥124 billion) allocated to acquiring BTC between September and October.
- Another $45 million (¥6.5 billion) will fund the company’s Bitcoin Income Business, which earns revenue through covered call options on its BTC holdings.
The company’s latest move follows its previously announced “21 Million Plan” and “555 Million Plan”, both unveiled earlier this year, which set a roadmap toward holding more than 210,000 BTC by 2027.
Institutional Backing and Market Response
Morgan Stanley & Co International and Cantor Fitzgerald & Co have been named as bookrunners for the offering. The move comes as Metaplanet explores new funding strategies, especially after a 53% drop in share price since its June peak.
Despite the recent slump, the company’s shares had earlier surged 445% this year, pushing its market valuation above well-known Japanese firms like Kioxia Holdings and Tokyo Metro.
Metaplanet’s inclusion in the FTSE Japan Index and FTSE All-World Index following its strong second-quarter performance has also boosted its visibility on the global stage.
Strategic Endorsements and Shareholder Push
The firm is also seeking shareholder approval to issue preferred shares, combining debt and equity features. Notably, Eric Trump, son of US President Donald Trump, is expected to attend the shareholder meeting in Tokyo next week in his role as a strategic adviser to Metaplanet, reinforcing the company’s crypto focus.
Metaplanet in Context
- The company is now part of a global group of public firms that collectively hold over 775,000 BTC.
- It recently acquired 775 BTC for $93 million and 103 BTC for $11.7 million, further increasing its position.
- Metaplanet has modeled its treasury approach on US-based firms like MicroStrategy, which leads corporate Bitcoin holdings with over 632,000 BTC valued at more than $70 billion.
CoinLaw’s Takeaway
I’m honestly impressed by how aggressively Metaplanet is positioning itself as Japan’s Bitcoin proxy. In my experience, companies that go all in on BTC usually either win big or crash hard. But Metaplanet is not just making noise; they are deploying real capital, crafting a clear treasury model, and even bringing high-profile figures like Eric Trump on board. I found their strategy of combining Bitcoin buys with income-generating options trading particularly savvy. If they hit their 210,000 BTC goal, they will absolutely shake up the crypto corporate leaderboard. This is one story to watch closely.
