The Japanese Bitcoin Treasury Company Metaplanet has unveiled plans to increase JPY 130 billion (equal to around $ 880 million) via an international stock sale, with the most revenues being reserved for new Bitcoin purchases.
The company made public On 27 August, the board approved the issue of a maximum of 555 million new shares. If shareholders endorse the proposal during the meeting of 1 September, the outstanding shares of Metaplanet would rise from 722 million to around 1.27 billion shares.
The offer will only be carried out in foreign markets, where the American sale is limited to qualified institutional buyers under line 144a of the Securities Act of 1933.
The company established in Japan said that the move was designed to broaden the investor base outside the Asian country by attracting long -term institutional capital and improving liquidity in the worldwide markets.
Bitcoin -purchases
Metaplanet is planning to use approximately JPY 123.8 billion (around $ 835 million) picked up from the upcoming funds to acquire Bitcoin between September and October 2025.
The managers said the aim is to expand the Bitcoin Net Asset Value (BTC NAV) of the company, which serves as the basis for the preferred shares, while the BTC maximizes per share and the total yield.
The company listed by Tokyo is already the seventh largest business Bitcoin holder, with 18,991 BTC with a value of approximately $ 2.1 billion, according to data from Bitcoin Treasuries.
The accumulation strategy, adopted for the first time in April 2024, has steadily transformed the company into a regional counterpart of the American strategy (formerly micro strategy).
In addition to direct purchases, Metaplanet JPY will lead 6.5 billion (equivalent to $ 44 million) to its ‘Bitcoin income activities’, which generates returns by selling covered call options and extending the PUT option activity in its participations.
The program is already profitable and the company expects the infusion to scale up to December 2025 activities.
By combining aggressive accumulation with income -generating strategies, gambling Metaplanet on Bitcoin not only as a spareboard, but also as a source of continuous cash flow.
This approach underlines the ambition of the company to cement a Treasury-first model, to deepen the ties with global institutional investors and to build a more resilient financial basis for long-term growth.
