Metaplanet Plans $881 Million Share Sale to Expand Bitcoin Holdings

Tokyo-listed Metaplanet will raise ¥180.3 billion through an overseas share issuance, with over $837 million earmarked for Bitcoin purchases, reinforcing its transformation into Asia’s leading corporate Bitcoin holder.

BTC

199d ago

Fact Check

The statement is directly supported by a credible source, Bloomberg (Evidence 5), which reports that Metaplanet 'seeks $880 Million from overseas shares' and that 'the proceeds raised from the share sale will be used to fund Bitcoin'. The minor discrepancy between $881 million and $880 million is likely due to rounding or currency conversions. Other evidence (2, 3, 6) confirms the company's strategy of issuing shares to purchase Bitcoin.

Summary

Metaplanet, a Japan-based company, has approved a ¥180.3 billion ($1.2 billion) international share issuance plan, aiming to issue up to 555 million new shares. According to its filing, around ¥123.8 billion ($837 million) will be allocated for Bitcoin acquisitions between September and October 2025, while ¥6.5 billion ($45 million) will support its Bitcoin Income Generation business. The firm currently holds 18,991 BTC, valued at more than $2.14 billion, ranking it as the fourth-largest corporate Bitcoin holder globally. The initiative requires shareholder approval on September 1 and reflects Metaplanet’s strategy to hedge against inflation, yen depreciation, and macroeconomic risks under CEO Simon Gerovich’s leadership.

Terms & Concepts

Bitcoin Treasury: The practice of a corporation holding Bitcoin as a reserve asset to hedge against inflation, currency depreciation, or economic instability.
Share Issuance: The process by which a company creates and sells new shares to investors in order to raise capital.
Rule 144A: A U.S. Securities Act regulation allowing qualified institutional buyers to purchase securities in private offerings.