Metaplanet Plans $3.7B Stock Raise to Fuel Massive Bitcoin Buying Spree

Metaplanet introduced Friday it has filed to boost $3.7 billion (¥555 billion) by way of an enormous inventory providing to fund certainly one of Asia’s largest company Bitcoin accumulation methods.

The Tokyo-listed funding agency filed a shelf registration efficient from August 9, 2025 till August 8, 2027, permitting it to challenge securities in parts when market circumstances align.

The proposed elevate represents roughly 75% of Metaplanet’s present market capitalization of $4.9 billion (729.45 billion yen).

“The Firm intends to actively pursue fairness financing as a part of its ‘Bitcoin Technique,'” Metaplanet stated within the filing. “We imagine that introducing Bitcoin-backed most well-liked shares represents a pioneering effort to fill this hole.”

This capital-raising effort helps Metaplanet’s beforehand introduced objective of accumulating 210,000 BTC by the end of 2027, a goal that will require the corporate to extend its present holdings greater than twelvefold.

The corporate at present holds 17,132 BTC price over $1.97 billion at a worth of $114,396, following its most recent purchase of 780 BTC on July 28.

The proposal entails establishing two new courses of perpetual most well-liked shares, Class A and Class B, every with potential issuance values of $1.9 billion (277.5 billion yen).

These shares would supply dividend payouts as much as 6% yearly, taking precedence over frequent shareholders, with all proceeds earmarked particularly for Bitcoin acquisitions.

Nevertheless, the corporate cautioned that “no particular plan for the issuance of the Most popular Shares is at present in progress, and it’s unsure whether or not such issuance will happen.”

The proposal additionally requires rising licensed shares from 1.61 billion to 2.723 billion, which shareholders will vote on at an Extraordinary Basic Assembly scheduled for September 1.

The Bitcoin treasury technique

Metaplanet’s strategy follows that of Strategy, the biggest corporate Bitcoin treasury, which earlier this week secured $2.5 billion by issuing STRC, a perpetual most well-liked inventory designed to pay a floating month-to-month dividend beginning at 9%.

Bitcoin is buying and selling at a worth of $115,869, down 2% within the final 24 hours, in line with CoinGecko.

Regardless of present market circumstances, QCP Capital shared in its latest report that “ongoing accumulation efforts” by firms like Startegy exhibit “long-term conviction.”

Nevertheless, the agency cautioned that worth motion failing to reply to constructive headlines represents “textbook late-cycle behaviour.”