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Metaplanet to Raise $1.4B to Fuel Bitcoin Treasury Growth

The Japanese firm plans to allocate nearly all of the proceeds toward BTC purchases amid deepening macro concerns.
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Sep 10, 20251 min read

Metaplanet, Japan’s largest corporate bitcoin holder, is dramatically upsizing its ongoing treasury strategy with a $1.4B international stock offering.

What’s the Scoop?

  • Expanded Stock Sale: Metaplanet will issue 385M new shares to international buyers at ¥553 (~$3.75) per share, raising about $1.4B. The raise significantly exceeds its original 180 million share plan.
  • Majority for Bitcoin: About ¥183.7B ($1.2 billion) will go directly toward buying more BTC, with ¥20.4B ($138 million) earmarked for the firm’s bitcoin income generation business.
  • Top Public Holder in Asia: The company currently holds 20,136 BTC, including a $15M purchase this week, ranking it sixth among all public bitcoin treasuries globally.

Bankless Take:

Metaplanet stands out from other bitcoin treasury companies for its frequent utilization of options markets to generate additional profits. Shares prices in the so called "Strategy of Japan" had fallen nearly 70% since mid-June, but closed the day up 17% in their first major since the start of summer.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

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