Metaplanet to Raise $880M, Allocates $835M for Expanding Bitcoin Reserves

     

Japanese investment firm’s massive share issuance underscores long-term Bitcoin treasury commitment

Japanese investment company Metaplanet has approved an overseas share issuance plan to raise 130.3 billion yen ($880 million), with the majority – around $835 million – dedicated to buying additional Bitcoin.

According to a Wednesday filing, the company will issue up to 555 million new shares, which could boost its total outstanding stock from 722 million to roughly 1.27 billion. The issue price will be set between Sept. 9–11, with settlement expected soon after.

The company noted that most proceeds will be directed into expanding its Bitcoin reserves, which already stand at 18,991 BTC valued at about $2.1 billion. Metaplanet said the strategy aims to hedge against Japan’s weakening yen, reduce inflation risks, and strengthen corporate value.

Additionally, $45 million will be funneled into its “Bitcoin Income Business,” a program that generates revenue by selling covered call options on BTC holdings. The firm said the strategy is already profitable and will be expanded with the new funds.

Latest step in aggressive Bitcoin strategy

The move builds on Metaplanet’s broader Bitcoin-focused roadmap, including the “21 Million Plan” unveiled in April and the “555 Million Plan” announced in June. The company has set an ambitious goal of holding more than 210,000 BTC by 2027, which would represent over 1% of Bitcoin’s maximum supply.

The offering will be conducted through placements to institutional investors overseas. The filing also emphasized that the issuance is not registered under the US Securities Act of 1933 and will not be available to US investors.

“We announced an international offering of new shares earlier today,” Metaplanet CEO Simon Gerovich posted on X. “Due to legal restrictions, we cannot comment beyond the official release while the offering is ongoing.”

Metaplanet earns FTSE Japan Index upgrade

Metaplanet’s rising profile has also secured it a promotion in FTSE Russell’s September 2025 Semi-Annual Review, upgrading the firm from a small-cap to a mid-cap stock in the FTSE Japan Index.

This inclusion means Metaplanet will also join the FTSE All-World Index, which tracks the largest publicly traded companies worldwide by market capitalization, positioning the firm alongside leading global players.