Metaplanet Seeks $837 Million Funding to Acquire Additional Bitcoin Following Accumulation of 18,991 BTC

Japanese investment firm Metaplanet has sanctioned a strategy to generate 180.3 billion yen ($1.2 billion) via an overseas share issuance, with nearly $837 million designated for new Bitcoin acquisitions.

This initiative, revealed in a filing on Wednesday, illustrates the Tokyo-listed company’s assertive shift towards digital assets and its goal to solidify its status as one of the largest corporate Bitcoin holders globally.

Metaplanet Seeks Overseas Investors for $1.2B Bitcoin Treasury Growth

The firm announced plans to issue as many as 555 million new shares, potentially increasing its total outstanding shares from 722 million to around 1.27 billion.

The pricing for the offering will be established between September 9 and September 11 through a bookbuilding method, with payments expected to be finalized shortly thereafter.

*Notice Regarding Issuance of New Shares by way of International Offering* pic.twitter.com/wvvepNrXpH

— Metaplanet Inc. (@Metaplanet_JP) August 27, 2025

The share issuance will occur solely in international markets, with sales in the United States restricted to qualified institutional buyers in accordance with Rule 144A of the U.S. Securities Act.

Metaplanet indicated that the majority of the funds, approximately 123.8 billion yen ($837 million), will be allocated for Bitcoin purchases during September and October 2025.

An additional 6.5 billion yen ($45 million) will be invested in its Bitcoin Income Generation initiative, where the company generates revenue by selling options against its holdings.

In the second quarter, this segment generated 1.9 billion yen in sales revenue, contributing to Metaplanet’s operating profit of 816 million yen on total revenue of 1.2 billion yen.

This latest funding initiative follows a series of swift acquisitions that have increased Metaplanet’s Bitcoin reserves to 18,991 BTC, valued at over $2.14 billion. On August 18, the firm acquired 775 BTC valued at $775 million, followed by an additional purchase of 103 BTC on August 25 for 1.7 billion yen ($11.8 million).

@Metaplanet_JP acquired 103 more Bitcoin valued at $11.8M, raising its total to 18,991 BTC worth over $2.14B.#Metaplanet #CryptoInvesting https://t.co/JNKAjUthNk

— Cryptonews.com (@cryptonews) August 25, 2025

These purchases increased its total from 18,113 BTC in the previous quarter, continuing a consistent accumulation strategy that commenced in April 2024 when the company rebranded as a “Bitcoin treasury company.”

CEO Simon Gerovich, a former derivatives trader at Goldman Sachs, has guided the company’s significant transformation from a hotel management entity into Asia’s leading corporate Bitcoin holder.

Under his direction, Metaplanet has embarked on what it refers to as the “555 Million Plan,” a long-term objective of accumulating 210,000 BTC by 2027, which would represent about 1% of the cryptocurrency’s fixed supply.

Metaplanet Shareholder Base Grows 1,000% as Bitcoin Strategy Gains Global Attention

Metaplanet’s approach parallels that of U.S. software company Strategy, which was a pioneer in utilizing Bitcoin as a treasury reserve. Similar to its American counterpart, the Japanese firm finances acquisitions through capital market raises, including share issuances and bond programs.

Earlier this year, it redeemed 3 billion yen ($20.4 million) of its 19th Series Ordinary Bonds to optimize its liabilities while continuing to expand its Bitcoin holdings.

The company contends that its proactive Bitcoin strategy is a response to Japan’s difficult macroeconomic landscape, characterized by high national debt, extended periods of negative real interest rates, and a declining yen.

By reallocating its reserves into Bitcoin, Metaplanet aims to protect against inflation, currency devaluation, and broader instability within the global monetary framework. Management also emphasized Bitcoin’s scarcity, portability, and transparency as factors that make it a superior reserve asset compared to traditional safe havens like government bonds.

As of June 30, Metaplanet had 128,000 shareholders, a number that has surged by over 1,000% in the past year due to its prominent Bitcoin accumulation. The company has also attracted significant attention from global institutional investors, with the forthcoming international offering intended to enhance access to long-term overseas capital and improve liquidity for its shares.

With 18,991 BTC already recorded on its balance sheet, Metaplanet is now the fourth-largest corporate Bitcoin holder worldwide and the largest in Asia. Industry analysts have increasingly referred to the company as “Asia’s MicroStrategy,” a designation supported by its bold financing strategies and rapid ascent into the ranks of major public Bitcoin holders.

The company’s filing confirmed that the international offering will proceed only if shareholders approve an increase in the total number of authorized shares at an extraordinary general meeting scheduled for September 1.

If approved, the share sale will significantly enhance Metaplanet’s capital base, paving the way for its next phase of Bitcoin acquisitions and reinforcing its position as one of the most aggressive corporate buyers in the digital asset sector.

Japan’s Crypto-Friendly Policies Drive Corporate Bitcoin Growth

Japan’s initiative for clearer regulations is driving a surge in corporate crypto adoption. The Financial Services Agency aims to classify digital assets as financial products under the Financial Instruments and Exchange Act by 2026, while proposed tax reforms could reduce capital gains on crypto to a flat 20% from rates as high as 55%.

Finance Minister Katsunobu Kato reiterated this direction at the WebX2025 forum in Tokyo, emphasizing the potential of digital assets in diversified portfolios.

In light of the policy changes, Tokyo-listed companies are increasing their Bitcoin holdings. Five firms, including Metaplanet, announced new allocations this week, adding a total of 156.79 BTC to their reserves.

5 Japanese firms increase their BTC reserves, totaling 156.79 BTC despite the market dip. @metaplanet_pr leads with 103 BTC, joined by @remixpoint_x and Anap Holdings. #Bitcoin #CorporateTreasury https://t.co/fVe7Y0HDAp

— Cryptonews.com (@cryptonews) August 25, 2025

Energy company Remixpoint led with 41.5 BTC ($4.6M), raising its total to 1,273 BTC, placing it among the top 40 global corporate holders.

Fashion retailer ANAP Holdings increased its total to 1,017 BTC, while Agile Media Network added 0.59 BTC. Def Consulting also announced a new treasury initiative.

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