Japanese investment company Metaplanet has approved a plan to raise 180.3 billion yen (approximately $1.2 billion) via an overseas share issuance, with $835 million earmarked for additional bitcoin acquisitions.
Share issuance to boost bitcoin holdings
According to a Wednesday filing, Metaplanet will issue up to 555 million new shares, potentially increasing its total outstanding shares from 722 million to about 1.27 billion.
The final issue price will be set between September 9 and 11, with settlement soon after.
The majority of the funds will be used for further bitcoin purchases, adding to Metaplanet’s existing bitcoin treasury of 18,991 BTC, currently valued at around $2.1 billion.
The strategy aims to protect against a weak yen, mitigate inflation, and enhance corporate value.
Expansion of bitcoin income business
Metaplanet will also allocate $440 million to its “Bitcoin Income Business,” which generates revenue by selling covered call options on its bitcoin holdings.
The company reports this program is already profitable and will be scaled up with the new capital.
Long-term bitcoin-focused strategy
This move is part of Metaplanet’s broader plan to become one of the world’s largest corporate bitcoin holders, with a target of accumulating over 210,000 BTC by 2027—more than 1% of bitcoin’s total supply.
The new offering will be placed with institutional investors internationally, and is not registered for public sale in the United States.
Metaplanet CEO Simon Gerovich stated:
“We announced an international offering of new shares earlier today. Due to legal restrictions, we cannot comment on the offering beyond what is in the release while the offering is ongoing.”
FTSE index inclusion
Following a strong second quarter, Metaplanet will be upgraded to a mid-cap stock and included in the FTSE Japan Index during the September 2025 Semi-Annual Review.
This inclusion will also place the firm in the FTSE All-World Index, grouping it among the leading global publicly traded companies.
