Japan’s Metaplanet Inc. has announced plans to raise about $881 million through an international stock sale to buy more Bitcoin and boost its balance sheet. The company said the share issuance will be finalized after a shareholder vote on September 1, 2025.
According to the announcement, Metaplanet will issue around 555 million new shares. About 180 million will be underwritten by investors, while another 375 million could be sold depending on market demand. The company explained that most of the money, about ¥123.8 billion ($836 million), will go toward buying Bitcoin between September and October 2025. Another ¥6.5 billion ($44 million) will support its Bitcoin income strategy.
Metaplanet currently holds 18,991 BTC, valued at about ¥314.6 billion, purchased at an average price of $102,712 per coin. On August 25, it added 103 BTC worth $11.7 million, marking its fourth straight week of purchases. This move also pushed the company into the FTSE Japan Index as a mid-cap stock.
The company noted that the stock sale will go forward even if shareholders do not approve changes to its Articles of Incorporation, which would allow for more authorized shares. “If the amendment fails, the fundraising will still proceed within the existing share limits,” the company said in its release.
Metaplanet has shifted its treasury strategy since May 2024, choosing Bitcoin over cash reserves as Japan battles rising debt, low interest rates, and a weak yen. By directing new funds into Bitcoin, the firm hopes to shield its balance sheet from currency depreciation and grow its net asset value.
To generate income from its holdings, the company has been selling put options in the derivatives market. In its Q2 2025 report, it disclosed ¥1.9 billion in revenue from this activity, with plans to expand further using part of the new funds.
Notably, Eric Trump, an advisor to the company, will attend the shareholder meeting in Tokyo next month. Recently, he predicted Bitcoin could reach $175,000 by the end of 2025 and eventually top $1 million.
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