Metaplanet, a Japanese company, is making a huge move to buy more Bitcoin. The firm just greenlit a plan to issue 385 million new shares to investors worldwide. This big push aims to gather about $1.4 billion to fund its Bitcoin holdings. The goal is clear: Metaplanet wants to cement its spot as one of the biggest corporate owners of Bitcoin globally.
The company trades on the Tokyo Stock Exchange under the ticker MTPLF. Its board made this decision in late August, and now the details are out. The new shares will sell for JPY 553 each, which is about $3.75. This share offering is much larger than first planned. Metaplanet initially thought about issuing 180 million shares but doubled that number to attract more capital.
Most of the money raised will go straight into Bitcoin. About JPY 183.711 million, or roughly $1.2 billion, is earmarked for Bitcoin purchases. The company also plans to use JPY 20.412 million (about $138,000) to grow its Bitcoin-related income business.
A Clear Bitcoin Focus
Metaplanet switched its treasury policy in May 2024 to make Bitcoin its main reserve asset. The company explained this change, calling it a “Strategic Treasury Transformation and Bitcoin Adoption.” They pointed to Japan’s tough economic conditions as the reason. High national debt, negative real interest rates, and a weak yen all played a part.
This new funding will help Metaplanet dive deeper into this strategy. It could make the company a leader in corporate Bitcoin adoption across Asia. The international share sale also aims to bring in global investors. These investors want a way to get exposure to Bitcoin through traditional stock market tools.
Growing Bitcoin Piles
Metaplanet already holds a lot of Bitcoin. Since early 2024, the company has been stacking up the cryptocurrency. Just before this announcement, they bought an extra $15 million worth of Bitcoin. This pushed their total holdings to 20,136 units. That number puts Metaplanet as the sixth-largest public holder of Bitcoin. Only MicroStrategy, Marathon Digital (MARA), XXI, Bitcoin Standard Treasury Company, and Bullish hold more.
Besides just buying and holding Bitcoin, Metaplanet also earns money from trading Bitcoin options. In the second quarter of 2025, this part of their business brought in JPY 1,904 million. This shows that actively managing derivatives is a core part of how they run things.
Market Reaction
Metaplanet’s stock price ended Monday down 2.8%, closing at $4.49. The company’s market value stands at $3.6 billion, according to data from The Block. However, experts believe this capital raise and Metaplanet’s strong pro-Bitcoin stance could draw more international interest to the firm.
With this move, Metaplanet joins other companies that are moving their balance sheets towards Bitcoin. This comes as crypto assets are becoming a real alternative to traditional money policies, especially when those policies carry risks.