Metaplanet Inc., a Tokyo-listed investment firm, has announced plans to raise ¥204.1 billion (approximately $1.38 billion) through an overseas share offering. The company will issue 385 million new shares at ¥553 ($3.75) per share, increasing its outstanding shares from 755.9 million to 1.14 billion. The payment date is set for September 16, with delivery following on September 17.
The primary purpose of this capital raise is to significantly expand the company's Bitcoin holdings. Of the total proceeds, ¥183.7 billion ($1.24 billion) will be allocated to direct Bitcoin purchases scheduled for September and October 2025. An additional ¥20.4 billion ($138 million) will fund Bitcoin income generation activities, primarily through options trading.
This move reinforces Metaplanet's position as Japan's largest corporate Bitcoin holder. As of September 1, 2025, the company already holds 20,000 BTC worth approximately $2.06 billion. Company executives stated that building Bitcoin reserves shields their balance sheet from yen depreciation and inflation risks, while providing long-term value growth protection against Japan's negative real interest rates.
The Bitcoin income business segment reported sales of $8.34 million in Q2 2025, and with the new capital injection, Metaplanet aims to achieve full-year profitability in this segment by December 2025. The international placement strategy is designed to broaden the company's investor base and reduce reliance on domestic capital.