Japanese company Metaplanet Inc. is raising approximately ¥130.3 billion, around $881 million, through an international share offering to expand its Bitcoin (BTC) holdings.
As per the announcement, Metaplanet plans to issue 555 million new shares, with 180 million shares underwritten by investors and up to 375 million additional shares depending on demand. The goal of this offering is to acquire a large amount of Bitcoin quickly and increase the company’s Bitcoin net asset value (BTC NAV).
Most of the raised funds will be used to purchase Bitcoin, which is around ¥123.8 billion, about $836 million. Meanwhile, a smaller portion worth about ¥6.5 billion, approximately $44 million, will support the company’s Bitcoin income generation business. This business involves strategies such as selling put options on BTC.
This announcement also follows Metaplanet acquiring an additional 103 BTC for $11.7 million on August 25, which raised its total holdings to 18,991 BTC worth nearly $2 billion. The company was upgraded to mid-cap with its inclusion in the FTSE Japan Index. Further, the company’s Q2 2025 report shows a 468.1% YTD Bitcoin yield.
The company plans to use the new funds to acquire additional Bitcoin between September and October 2025, further solidifying its treasury strategy. The company is positioning itself as a leading “Bitcoin treasury company,” aiming to hold more BTC as part of its corporate strategy.
Key dates include the pricing date between September 9–11, payment date between September 16–18, and delivery date the following business day. Executives and major shareholders have also agreed to a 60-day lock-up period, meaning they cannot sell their shares without permission.
Adding to this, Eric Trump, advisor of the company, will visit Tokyo in September to attend the firm’s shareholder meeting, where new capital-raising methods will be discussed. According to Yahoo Finance, Metaplanet Inc. shares trade at around ¥890.00, up ¥48.00, an increase of about 5%.
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