Key Takeaways
- Metaplanet plans to raise $745.5 million to purchase Bitcoin.
- The company aims to increase holdings to 10,000 BTC by 2025.
- Metaplanet shares are up 16.36% year-to-date, reflecting strong market confidence.
Japanese investment firm Metaplanet announced plans to raise 116 billion yen ($745.5 million) to buy additional Bitcoin.
The Tokyo-listed company intends to issue 21 million shares of 0% discount warrants, marking what it claims will be the largest capital raise in Asian equity markets history for Bitcoin purchases.
Yen depreciation drives decision
The company cited the Japanese yen’s depreciation, with the exchange rate nearing 160 yen to the U.S. dollar, as a key factor behind its decision.
The firm stated in a disclosure:
Circumstances demand that we raise funds and purchase Bitcoin as quickly as possible.
Expanding Bitcoin holdings
Metaplanet, already the 12th largest publicly traded Bitcoin holder, owns 1,761 BTC.
Its last purchase, in December 2024, saw the company acquire 619.7 BTC for $60.6 million.
It now aims to grow its holdings to 10,000 BTC by the end of 2025 and 21,000 BTC by 2026.
Leadership vision
CEO Simon Gerovich highlighted Metaplanet’s rapid growth since adopting the Bitcoin Standard in April 2024:
The market has recognized Metaplanet as Tokyo’s preeminent Bitcoin company.
Market reactions
Metaplanet shares rose 3.1% to 4,160 yen on Tuesday, reflecting a 16.36% year-to-date gain.
Bitcoin climbed 3.49% in the past 24 hours to $102,794.
