Metaplanet raises $1.4B to expand Bitcoin reserves

Japan’s Metaplanet will issue 385M new shares, raising $1.4B for Bitcoin purchases and BTC-related business expansion.

Metaplanet launches major international stock offering

Tokyo-listed bitcoin treasury firm Metaplanet (MTPLF) announced on Tuesday the issuance of 385 million new shares. The offering, priced at JPY 553 (~$3.75) per share, is expected to raise approximately $1.4 billion.

Initially, the firm planned to issue only 180 million shares but doubled the round due to investor demand.

Proceeds directed to Bitcoin purchases and income generation

According to the filing, JPY 183.7 billion ($1.2 billion) will be allocated to Bitcoin acquisitions, while JPY 20.4 billion ($138 million) will support BTC income generation businesses.

As of Sept. 1, Metaplanet holds 20,136 BTC, making it the sixth-largest publicly traded Bitcoin treasury, ranking behind Strategy, MARA, XXI, Bitcoin Standard Treasury, and Bullish.

Bitcoin adopted as primary reserve asset

The company cited Japan’s economic challenges — high national debt, negative real interest rates, and yen depreciation — as the main reasons for adopting Bitcoin as its core treasury asset.

On Monday, Metaplanet also disclosed an additional $15 million BTC purchase. Shares closed down 2.8% at $4.49, with a market cap of $3.6 billion.