
Metaplanet Announces $1.38 Billion Fundraising to Expand Bitcoin Holdings
Metaplanet Inc., a Tokyo-listed investment giant, has unveiled an ambitious plan to raise over $1.38 billion (204.1 billion yen) through an overseas share offering. This marks a significant step in the company’s ongoing evolution toward leveraging digital assets as part of its treasury strategy.
Key Highlights of the Fundraising Plan
The board of Metaplanet has approved the issuance of 385 million new shares priced at $3.75 (553 yen) each. This strategic move will see the company’s outstanding shares soar from 755.9 million to a staggering 1.14 billion. The net proceeds, valued at $1.38 billion, are scheduled for payment on September 16, with delivery to follow on September 17.
Of the funds raised, a colossal $1.24 billion will be directed toward Bitcoin purchases in September and October 2025. The remaining $138 million will be allocated toward income strategies, including options trading, further solidifying Metaplanet’s leading position as Japan’s largest corporate Bitcoin holder.
Why Bitcoin?
As of September 1, 2025, Metaplanet already holds 20,000 BTC, worth an estimated $2.06 billion. The company’s executives argue that Bitcoin serves as a powerful hedge against yen depreciation and inflation while offering long-term value growth. By reinforcing Bitcoin reserves, Metaplanet positions itself as a pioneer in crypto treasury strategies, following in the footsteps of U.S.-listed firms adopting similar approaches.
Bitcoin also helps protect assets from negative real interest rates in Japan, enhancing stability and growth for the company’s holdings. This diversification is critical, as Japan’s economic environment continues to grapple with inflation and currency devaluation.
Exploring Bitcoin Income Strategies
A portion of the funds—$138 million—will support Metaplanet’s Bitcoin income business, primarily through options trading. During the second quarter of fiscal 2025, this business segment generated sales of $8.34 million. With additional capital injections, executives project a profitable full-year performance by December 2025.
Challenges and Risks
While this move solidifies Metaplanet’s position as a leader in Bitcoin adoption, the strategy isn’t without its challenges. Crypto treasury firms worldwide are feeling the strain, with mNAV (market Net Asset Value) declines and weakening share prices creating potential roadblocks. Despite this, the company’s commitment to building Bitcoin reserves underscores their belief in the long-term resilience and benefits of digital assets.
Ready to Explore Bitcoin Investments?
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Stay tuned for more updates as Metaplanet reshapes financial investments in Japan and globally with Bitcoin at the forefront.