Metaplanet Targets $3.7B Raise to Fuel Bitcoin Buying Spree
Japanese firm aims to acquire 210,000 BTC by 2027 through preferred stock issuance with up to 6% annual yield
Tokyo-based investment company Metaplanet has unveiled plans to raise 555 billion yen ($3.73 billion) via a perpetual preferred stock offering to accelerate its ambitious Bitcoin treasury strategy.
Branded as “Asia’s Strategy” by local media, Metaplanet said Friday the offering is a cornerstone of its goal to amass 210,000 BTC by the end of 2027. The preferred shares are expected to yield up to 6% annually, contingent on market demand and economic conditions.
The firm called the offering a “pioneering effort” to integrate Bitcoin-backed equity products into traditional capital markets. The move follows a broader wave of corporate crypto adoption, with data showing Bitcoin-focused treasuries now collectively holding $93 billion out of a $100 billion corporate crypto allocation.
Metaplanet’s strategy mirrors that of US-based Strategy, which recently issued its own $2.5 billion preferred stock with a 9% annual dividend to fund Bitcoin purchases – a trend analysts say could drive BTC above $132,000 by year’s end as monetary expansion and institutional demand converge.
Bitcoin’s next catalyst may arrive in September
With Bitcoin trading in a low-liquidity environment typical of summer, market watchers believe the next major driver could arrive after Labor Day, when the US Congress returns from recess.
A Friday report from Matrixport noted that “fiscal uncertainty has historically been a powerful tailwind for hard assets, and Bitcoin remains front and center in the narrative.” The firm warned that macro risks may be underestimated heading into the fall.
Meanwhile, the CME FedWatch tool shows markets pricing in a 60.8% probability that the Federal Reserve will hold rates steady at its next meeting on September 17, potentially supporting Bitcoin’s role as a hedge amid fiscal indecision.
