The company has announced the issuance of 385 million new shares at a price of JPY 553 each, resulting in a total issue price of JPY 212.9 billion. Following the deduction of fees, the total contribution will amount to JPY 205.3 billion, with JPY 204.1 billion earmarked specifically for initiatives related to Bitcoin. In a statement, CEO Simon Gerovich remarked: “Metaplanet has completed its international offering, increasing from 180M underwritten to 385M shares.” Total raise: JPY 205 billion (approximately USD 1.4 billion). Anticipate additional Bitcoin acquisitions on the horizon.
As per the announcement, JPY 183.7 billion of the proceeds is earmarked for Bitcoin purchases scheduled between September and October 2025, which will notably boost Metaplanet’s holdings. As of September 1, 2025, the company has accumulated 20,000 Bitcoin, with a valuation around JPY 322 billion. Metaplanet initially revealed its treasury transformation in May 2024, pledging to embrace Bitcoin as its main reserve asset. The action was aimed at mitigating the effects of Japan’s extended negative real interest rates, significant national debt, and persistent yen depreciation.
The remaining JPY 20.4 billion from the offering is set to be directed towards the company’s Bitcoin Income Generation Business, which focuses on generating yield via Bitcoin options trading. In the second quarter of fiscal year 2025, this segment generated JPY 1.9 billion in revenue, underscoring its significance as a supplementary revenue source alongside Bitcoin accumulation. Metaplanet announced that these allocations are aimed at achieving sustained profitability and enhancing its Bitcoin-focused treasury model. The offering signifies a notable enhancement in Metaplanet’s capital base, as both capital stock and capital surplus have surged by JPY 102.6 billion.
After the issuance, the total number of outstanding shares for the company will rise from 755.9 million to 1.14 billion shares. With one of the largest capital raises centered on Bitcoin in Asia, Metaplanet establishes itself as a frontrunner in the corporate landscape of Bitcoin adoption. The company seeks to lead by example for other publicly traded firms in Japan and Asia that are looking to navigate inflation risks and currency devaluation by utilizing digital assets.