Metaplanet Raises $1.4 Billion To Expand Bitcoin Treasury In Upsized International Share Offering
Metaplanet Inc. (TSE Standard: 3350) has recently announced the successful pricing and upsizing of its international share offering, raising a substantial JPY 205 billion (~USD 1.4 billion) to support its ongoing Bitcoin-first treasury strategy. The company revealed that 385 million new shares will be issued at JPY 553 per share, resulting in a total issue price of JPY 212.9 billion. After accounting for fees, the total amount raised will reach JPY 205.3 billion, with JPY 204.1 billion earmarked for Bitcoin-related initiatives.
CEO Simon Gerovich expressed his excitement about the international offering, which was upsized from 180 million to 385 million shares. The total raise of JPY 205 billion will enable Metaplanet to make additional Bitcoin purchases, further solidifying its position as a key player in the digital asset space.
The company plans to allocate JPY 183.7 billion of the proceeds to purchase Bitcoin between September and October 2025, significantly increasing its holdings. Currently, Metaplanet holds 20,000 Bitcoin, valued at approximately JPY 322 billion, as of September 1, 2025. This move aligns with the company’s decision in May 2024 to adopt Bitcoin as its primary reserve asset, mitigating risks associated with Japan’s economic landscape.
Furthermore, JPY 20.4 billion from the offering will be directed towards Metaplanet’s Bitcoin Income Generation Business, which generates revenue through Bitcoin options trading. In Q2 FY2025, this segment generated JPY 1.9 billion in revenue, showcasing its role as a supplementary income source alongside Bitcoin accumulation.
The international share offering not only bolsters Metaplanet’s financial position but also strengthens its market presence. With capital stock and capital surplus each increasing by JPY 102.6 billion, the company’s total outstanding shares will rise from 755.9 million to 1.14 billion shares. By undertaking one of the largest Bitcoin-focused capital raises in Asia, Metaplanet aims to lead the way for other listed companies in Japan and Asia looking to leverage digital assets as a hedge against inflation and currency devaluation.
For more insights into Metaplanet’s journey to becoming Japan’s top traded stock, CEO Simon Gerovich elaborates on the company’s strategies in the video below. Watch to learn more about how Metaplanet is shaping the future of corporate Bitcoin adoption.
