tl;dr
Metaplanet has raised $1.4 billion through an expanded share offering to fund its Bitcoin acquisition strategy. The company, now Asia's largest corporate Bitcoin holder, plans to use $1.25 billion to purchase Bitcoin and $138.7 million to develop its Bitcoin income generation business. Metaplanet ...
**Metaplanet’s Bold Move: Raising $1.4B to Fuel Bitcoin Ambitions**
In a bold play that’s sending ripples through the crypto and financial worlds, Metaplanet has upped the ante on its international share offering, raising $1.4 billion to fuel its aggressive Bitcoin (BTC) acquisition strategy. The Japanese firm, now Asia’s largest corporate Bitcoin holder, has positioned itself as a major player in the growing trend of companies adopting BTC as a treasury reserve asset.
**A Record-Breaking Share Offering**
On Sept. 9, Metaplanet announced it was increasing its share offering by 205 million shares, pushing the total from 180 million to 385 million. The move, priced at 553 yen ($3.75) per share—a 9.93% discount from the reference price of 614 yen—was a direct response to strong investor demand. The enlarged offering will swell the company’s total outstanding shares to 1.14 billion, a 51% increase from its previous total of 755.9 million.
President Simon Gerovich confirmed the finalization of the offering on social media, signaling confidence in the company’s long-term vision. The funds will be split: $1.25 billion will go toward purchasing Bitcoin, while $138.7 million will fuel its Bitcoin income generation business between September and December.
**Bitcoin as a Strategic Treasury Asset**
Metaplanet’s pivot to Bitcoin as its primary treasury reserve asset isn’t just a gamble—it’s a calculated move to hedge against inflation and currency risks. The company revealed this shift in May 2024 as part of its “Strategic Treasury Transformation and Bitcoin Adoption” policy, a bold departure from traditional corporate cash reserves.
Currently, Metaplanet holds 20,136 Bitcoin, valued at over $2.24 billion, surpassing even Riot Platforms to claim the title of Asia’s largest corporate Bitcoin holder and the sixth-largest globally. In September alone, the company acquired 1,145 BTC for approximately $127.2 million, a clear signal of its commitment to scaling its holdings.
**Earnings from Bitcoin: Beyond Price Appreciation**
Metaplanet isn’t just holding Bitcoin—it’s generating income from it. Its Bitcoin income generation business reported sales revenue of 1.904 million yen ($13 million) in the second quarter of fiscal year 2025, demonstrating its ability to monetize its holdings through yield-generating strategies like staking, lending, or derivatives. This diversification is a key part of its plan to achieve long-term capital appreciation while mitigating volatility.
**Joining the Institutional Bitcoin Club**
Metaplanet’s aggressive Bitcoin accumulation strategy places it in the company of a growing list of institutional investors and corporations embracing BTC as a treasury asset. The company aims to acquire 210,000 Bitcoin by 2027, representing approximately 1% of Bitcoin’s total supply—a move that underscores its confidence in the cryptocurrency’s future.
The share offering structure includes underwriter purchase rights for up to 375 million shares, with an additional 180 million shares available through overallotment options. Final settlement and delivery are scheduled for Sept. 16–17, marking a pivotal moment in Metaplanet’s journey.
**A New Era for Corporate Treasury Management**
As more companies follow Metaplanet’s lead, the lines between traditional finance and crypto are blurring. By treating Bitcoin as a strategic asset, Metaplanet isn’t just betting on the price of BTC—it’s reshaping how corporations think about risk, reward, and long-term value.
For investors, the question remains: Is this the start of a new era where Bitcoin becomes a cornerstone of corporate treasury management, or is it a fleeting experiment? One thing is clear—Metaplanet’s move is a bold statement in a market where the future of money is being rewritten in real time.