Japan-based Metaplanet has taken a bold step to raise 180.3 billion yen ($1.2 billion) in an international share offering, with a significant portion of the funds to be used to purchase Bitcoin.
According to a report published earlier today, the firm will distribute as many as 555 million new shares, potentially doubling its total stock from 722 million to nearly 1.27 billion shares.
The last price of the shares will be determined between September 9th and 11th, after which settlement will take place soon.
The move is one of Japan’s largest Bitcoin-focused corporate fund-raising endeavors in the country’s financial history.
$835 Million Halted for Bitcoin Treasury Expansion
Out of the $1.2 billion it has raised, Metaplanet has set aside $835 million to purchase Bitcoin, significantly contributing to its already 18,991 BTC (approximately $2.1 billion) reserve.
It stated that the treasury expansion aims to safeguard against Japan’s weakening yen, counter inflationary pressures, and enhance its company value.
The filing points out that, due to the scarcity and decentralization of Bitcoin, it pales in comparison to traditional assets; thus, Metaplanet is being seen as one of the most aggressive institutional Bitcoin holders in the world after MicroStrategy
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$440 Million Invested in Bitcoin Income Business
In addition to treasury stacking, Metaplanet will invest $440 million in its growing Bitcoin Income Business, which generates cash flow from the sale of covered call options on its BTC reserves.
The firm, which is already profitable on its own, will considerably scale up its operations with this fresh capital.
By diversifying the use of Bitcoin beyond mere holding, the company aims to achieve sustainable sources of revenue while retaining exposure to the upside of BTC.
Managers described this as a central anchor of Metaplanet’s strategy to bridge traditional finance and Bitcoin-led innovation.
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Long-Term Strategy and Market Positioning
The capital raise continues Metaplanet’s long-term Bitcoin strategy as outlined in its “21 Million Plan” in April and “555 Million Plan” in early June.
The ambitious plans highlight Metaplanet’s goal of taking hold of more than 210,000 BTC by 2027, equal to more than 1% of the total Bitcoin supply.
The issue will be made available only through foreign placements to institutional investors and will not be otherwise offered in the United States, subject to the restrictions of the U.S. Securities Act of 1933.
CEO Simon Gerovich broke the news on X, though he said he could not provide additional details throughout the offering process.
Metaplanet Earns FTSE Japan Upgrade as Global Peers Raise Bitcoin Funds
Furthermore, Metaplanet has been promoted from a small-cap to a mid-cap stock in FTSE Russell’s September 2025 Semi-Annual Review, with inclusion in the FTSE Japan Index and the FTSE All-World Index alongside global blue-chip companies.
The promotion highlights its consistent Q2 results and its approach to greater global significance.
Metaplanet’s capital raise follows similar paths of other companies looking to add to their Bitcoin treasury.
UnoCrypto reported that Canada’s BTCT raised C$125M in June to increase Bitcoin holdings, and we also reported that London-listed Satsuma raised $218M when its stock dropped dramatically in August.
Additionally, billionaire Grant Cardone is reportedly planning to raise $1 billion pre-IPO to purchase Bitcoin, according to UnoCrypto.
On a collective basis, these examples suggest a growing trend among corporate institutions to adopt Bitcoin as an asset class in their treasuries and investment allocations.