TLDR
- Metaplanet aims to raise $880M via an international share sale for Bitcoin buys.
- Around $835M will go into Bitcoin acquisitions between Sept–Oct 2025.
- The Tokyo firm currently holds 18,991 BTC valued at about $2.1 billion.
- The share issuance could expand Metaplanet’s stock to 1.27 billion shares.
Japanese investment company Metaplanet has approved a plan to raise $880 million through an international share offering. Nearly all proceeds are earmarked for Bitcoin purchases over the coming months. The move reflects the firm’s expanding strategy of building one of the largest corporate Bitcoin treasuries in Asia.
Metaplanet Share Sale Plan and Allocation
Metaplanet will issue up to 555 million new shares in overseas markets, targeting institutional investors. The offering could increase its total outstanding shares from 722 million to about 1.27 billion. The issue price will be determined in early September, with settlement scheduled shortly afterward.
The company’s filing indicates that ¥124 billion ($837 million) of the proceeds will be used to purchase Bitcoin between September and October 2025. Another ¥6.5 billion ($43.9 million) will support financial operations, including option strategies linked to Bitcoin holdings. This approach is designed to manage risk and generate revenue.
Corporate Bitcoin Reserves
Furthermore, Metaplanet currently holds 18,991 BTC, valued at approximately $2.1 billion as of late August. The firm has been steadily increasing its reserves with several recent acquisitions, including 775 BTC purchased for $93 million earlier this month.
The company models its treasury approach on strategies popularized by U.S.-based corporations that rely heavily on Bitcoin as a core balance sheet asset. Management describes the approach as a hedge against Japan’s weak yen and inflation pressures. Metaplanet also aims to enhance shareholder value by aligning with the long-term scarcity of Bitcoin.
In addition, Metaplanet operates what it calls a “Bitcoin Income Business.” This program generates revenue by selling covered call options against its Bitcoin holdings. According to company statements, the strategy is already profitable and will be scaled further with new funding.
The firm has allocated roughly $45 million from the upcoming raise to expand this business line. Management expects that revenue from option sales will provide recurring income and help smooth out Bitcoin’s volatility. By diversifying within its treasury model, Metaplanet aims to secure predictable cash flow while maintaining significant Bitcoin exposure.
Metaplanet Long-Term Bitcoin Strategy
At the same time, the new share issuance follows previous initiatives labeled the “21 Million Plan” and the “555 Million Plan,” both revealed earlier this year. Together, these strategies outline an ambitious target of acquiring over 210,000 BTC by 2027, or more than 1% of Bitcoin’s total supply.
This long-term plan positions the company as one of the most aggressive corporate buyers globally. While ambitious, it also exposes Metaplanet to the volatility of cryptocurrency markets. Analysts note that achieving such holdings would place the company alongside the largest global Bitcoin treasuries.
Rising Corporate Profile
Even so, Metaplanet’s share sale comes as it gains wider recognition in financial markets. The firm has been upgraded from small-cap to mid-cap status in FTSE Russell’s September 2025 review. It will also join the FTSE Japan Index and, by extension, the FTSE All-World Index.
The inclusion increases the company’s visibility among global investors and index funds. Combined with its Bitcoin-focused strategy, this recognition may attract further international attention.
Stay Ahead of the Market with Benzinga Pro!
Want to trade like a pro? Benzinga Pro gives you the edge you need in today's fast-paced markets. Get real-time news, exclusive insights, and powerful tools trusted by professional traders:
- Breaking market-moving stories before they hit mainstream media
- Live audio squawk for hands-free market updates
- Advanced stock scanner to spot promising trades
- Expert trade ideas and on-demand support
