Metaplanet Plans $881M Stock Sale to Expand Bitcoin Treasury

Metaplanet, a Tokyo-based investment company, recently announced an ambitious plan to raise ¥123.8 billion, equivalent to $881 million.

This company said the funding will be issued through an international stock, and it will be used to acquire more Bitcoin (BTC). This move underlines Metaplanet’s commitment to building one of the largest corporate Bitcoin treasuries in the world.

$881M Share Sale Planned to Boost Bitcoin Treasury

Metaplanet shared that its plans to issue new shares through an international offering are pending approval. The company is awaiting the go-ahead from its stakeholders, and the final decision will be revealed on September 1, 2025. 

In accordance with its plan, Metaplanet has proposed changing its Articles of Incorporation to raise its share limit. Even if the proposal is rejected, the firm has confirmed that the sale will still proceed within its existing allotment.

Meanwhile, the planned stock issuance is more than just a purchase strategy; it is designed to lift the firm’s net asset value (NAV). Each share would be backed by a larger amount of Bitcoin, boosting its intrinsic value over time. This is a calculated attempt to link shareholder benefit directly to the growth of Bitcoin holdings.

Metaplanet Uses Bitcoin to Protect Against Japan’s Weakening Yen

Metaplanet’s decision cannot be separated from Japan’s broader economic reality. 

For years, the nation has wrestled with rising government debt, long-lasting negative real interest rates, and a steady decline in the yen’s value. In such an environment, keeping large reserves in cash weakens a company’s balance sheet.

Since May 2024, Metaplanet has treated Bitcoin as its main reserve asset. The firm now holds 18,991 BTC, valued at about ¥314.6 billion, bought at an average of $102,712 each. By raising new funds, it plans to grow its holdings and shield itself from the weakening yen.

Metaplanet Turns to Derivatives to Grow Steady Bitcoin Income

Owning Bitcoin alone does not naturally generate income, so Metaplanet has stepped into the derivatives market, mainly by selling put options. 

This strategy has generated results, bringing in ¥1.9 billion in Q2 FY2025. Encouraged by the results, the company plans to invest ¥6.5 billion from its new stock issuance to grow this strategy. The goal is to build steady income streams from Bitcoin.

Metaplanet is not acting in isolation. Strategy, led by Michael Saylor, has already demonstrated that large-scale Bitcoin accumulation can deliver strong results. Reportedly, the software firm has already posted a 25.4% token yield this year. It bought 3,081 BTC for $356.9 million not too long ago, showing conviction in the coin’s long-term value despite price swings.

Despite Bitcoin’s recent bearish momentum, many supporters in the crypto industry remain optimistic. Speaking at an event, one of Metaplanet’s advisors, Eric Trump, predicted Bitcoin could reach $175,000 by the end of 2025, with a long-term projection of over $1 million.

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