Tokyo-listed investment company Metaplanet Inc. has announced plans to raise $1.38 billion (204.1 billion yen) through overseas share offerings.
The company intends to use most of its funds to expand its Bitcoin Holding, highlighting its continued shift towards digital assets as a financial strategy.
Sharing the provision and capital structure
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The board has approved the issuance of 385 million shares at $3.75 (553 yen) per share. The sale is expected to increase the company’s outstanding shares from 755.9 million to 1.14 billion, with a net income of $1.38 billion.
Payment date is September 16th, and delivery continues on September 17th. By choosing an international placement, Metaplanet aims to expand its investor base and reduce its dependence on domestic capital.
Of the revenue, $1.24 billion will be spent on Bitcoin purchases in September and October 2025. The company says Bitcoin reserves shield their balance sheets from yen depreciation and inflation risk.
As of September 1, 2025, Metaplanet owns 20,000 btc, worth approximately $2.06 billion. Executives argue that Bitcoin offers long-term value growth while protecting assets from Japan’s negative real interest rates.
Expanding the Bitcoin revenue business
The company will also allocate $138 million to its Bitcoin revenue business, primarily through options trading. The unit reported revenue of $8.34 million in the second quarter of fiscal year 2025. With new capital, Metaplanet aims to achieve year-round profitability in the segment by December.
These moves strengthen the company’s position as Japan’s largest corporate Bitcoin holder. Additionally, they reflect the strategies of several US list companies that use Bitcoin as a reserve asset.
Meanwhile, Crypto Treasury companies are showing signs of tension as MNAV falls and stock prices weakens. While still active, their reliance on equity underscores the risks that could slow down strategies that could have been stopped.
