Japanese Bitcoin treasury company Metaplanet is embarking on an ambitious financial maneuver, planning to raise a significant sum from global investors primarily to bolster its Bitcoin holdings. This strategic move aims to solidify its position in the crypto landscape and attract a broader international investment base.
Expanding Bitcoin Treasury and Global Reach
Metaplanet intends to generate over JPY 130 billion, equivalent to approximately $880 million, through an international share sale. The firm's board has approved the issuance of up to 555 million new shares, pending shareholder approval, which would significantly increase its outstanding stock. This offering is specifically designed for overseas markets, with a focus on attracting long-term institutional capital and enhancing global market liquidity by targeting investors like Qualified Institutional Buyers in the US. A substantial portion of these funds, roughly JPY 123.8 billion ($835 million), is earmarked for the acquisition of Bitcoin between September and October 2025.
A Dual Strategy for Growth and Income
Beyond direct accumulation, Metaplanet plans to allocate JPY 6.5 billion ($44 million) to its "Bitcoin Income Business." This program generates returns through covered call options and expanding put option activity on its existing Bitcoin treasury, which already stands at an impressive 18,991 BTC, making it the seventh-largest corporate holder globally. This two-pronged approach—aggressive Bitcoin accumulation coupled with income-generating strategies—underscores Metaplanet’s vision to not only utilize Bitcoin as a reserve asset but also as a continuous source of cash flow. The company aims to expand its Bitcoin Net Asset Value, maximize BTC per share, and cement a "treasury-first" model, positioning itself as a key regional player akin to US-based MicroStrategy.
