Japanese investment firm Metaplanet has approved a plan to raise 180.3 billion yen ($1.2 billion) through an overseas share sale, with nearly $835 million earmarked for expanding its Bitcoin holdings.
According to a filing released Wednesday, the company will issue up to 555 million new shares, which could boost its total outstanding shares from 722 million to roughly 1.27 billion. The final issue price will be decided between September 9–11, with settlement to follow shortly after.
Metaplanet said most of the proceeds will go toward acquiring more Bitcoin (BTC $111,127), adding to its existing treasury of 18,991 BTC (valued at around $2.1 billion). The firm explained that its strategy is aimed at hedging against Japan’s weakening yen, mitigating inflation risks, and strengthening long-term corporate value.
In addition, about $440 million will be invested into its “Bitcoin Income Business,” a program that generates revenue by selling covered call options on its Bitcoin reserves. The company noted that the initiative is already profitable and will be further scaled with the new funds.
Metaplanet Targets 210,000 BTC by 2027
Metaplanet’s latest fundraising push marks another phase in its aggressive Bitcoin-first strategy, following the “21 Million Plan” unveiled in April and the “555 Million Plan” announced in June. The company has set an ambitious target of accumulating over 210,000 BTC by 2027, which would account for more than 1% of Bitcoin’s total supply.
The new share issuance will be carried out through overseas placements to institutional investors. According to the filing, the offering is not registered under the U.S. Securities Act of 1933 and therefore will not be available to the public in the United States.
Metaplanet has been upgraded from a small-cap to a mid-cap stock in FTSE Russell’s September 2025 Semi-Annual Review, securing a spot in the FTSE Japan Index. The reclassification comes on the back of the company’s strong Q2 financial performance.
With this upgrade, Metaplanet will also be automatically included in the FTSE All-World Index, which tracks the world’s largest publicly listed companies by market capitalization. This inclusion places Metaplanet alongside major global corporations, further boosting its visibility among international investors.
