Metaplanet is raising $745M through stock issuance to increase its Bitcoin holdings.
The company aims to acquire 10,000 BTC by 2025 and 21,000 BTC by 2026.
Since adopting Bitcoin in 2024, Metaplanet has accumulated 1,761 BTC.
Metaplanet Inc, a financial services company based in Japan, has a landmark capital raise in the Asian equity market, aiming to significantly increase its Bitcoin (BTC) holdings.
The firm plans to issue 21 million shares through 0% discount moving strike warrants, targeting approximately 116 billion yen (around $745 million). The stock acquisition rights are priced at 363 yen ($2.33) per unit, featuring adjustable exercise prices that align with market value.
Metaplanet to Buy 10,000 Bitcoin by the End of This Year
According to an announcement on Tuesday, the company said that the fund structure allows holders to purchase shares at an exercise price equal to the prevailing market price, thereby minimizing dilution for existing shareholders. The innovative design of these warrants underscores Metaplanet’s dedication to shareholder value preservation while pursuing its Bitcoin-centric strategy. Embedded tweet.
The proceeds will be used to fund the company’s Bitcoin acquisitions. In a separate , Metaplanet disclosed that it plans to buy 10,000 Bitcoin by the end of 2025, and 21,000 Bitcoin by the end of 2026.
The Tokyo-listed firm said the move will solidify its position as one of the largest corporate Bitcoin holders globally. Metaplanet held about 1,761 BTC as of the end of December last year. According to the company, these holdings now have a market value exceeding ¥27.7 billion, reflecting significant unrealized gains.
Metaplanet said it aims to lead the Bitcoin revolution within the Asian market.
“The market has recognized Metaplanet as Tokyo’s preeminent Bitcoin company, and we are seizing this momentum to solidify our position as a global leader. Our vision is to lead the Bitcoin renaissance in Japan and emerge as one of the largest corporate Bitcoin holders globally. This plan is our commitment to that future,” said Simon Gerovich, Representative Director of Metaplanet.
Corporate Adoption of Bitcoin
Meanwhile, Metaplanet’s initiative is part of a broader movement among corporations embracing Bitcoin. Notably, MicroStrategy, a US-based business intelligence firm, was the first to adopt Bitcoin as a treasury reserve asset.
As of January 27, 2025, MicroStrategy has acquired an additional 10,107 BTC for approximately $1.1 billion, bringing its total holdings to 471,107 BTC. To finance these purchases, the company has been issuing equity and debt, including a recent offering of 2.5 million shares of Series A Perpetual Strike Preferred Stock.
In addition to , other companies have also joined the trend. LQR House, a specialized e-commerce platform, announced plans to purchase up to $1 million in Bitcoin as part of its new business strategy. The firm made the disclosure in November 2024.
Similarly, Japanese firm Remixpoint, operating in the energy and automotive sectors, announced in January that it plans to acquire BTC worth 500 million yen (approximately $3.27 million).
