In a monumental move that underscores its commitment to Bitcoin, Japanese financial firm Metaplanet has successfully closed a massive international share offering. The company raised a staggering $1.4 billion—far more than initially planned—and will use the entire proceeds to aggressively acquire more Bitcoin, solidifying its position as a global leader in corporate BTC adoption.
The Offering Was 2X Larger Than Planned
The scale of the offering highlights incredible investor demand. Metaplanet originally planned to issue 180 million new shares. However, demand was so strong that it significantly expanded the offering to 385 million shares.
- Share Price: ¥553 each (a 9.9% discount to its recent trading price)
- Total Raised: ¥205 billion (approx. $1.4 billion)
- Share Delivery: New shares will be delivered to investors on September 17, 2025.
This capital injection will dramatically increase the company’s total outstanding shares from 756 million to over 1.14 billion.
Becoming the “MicroStrategy of Asia”
Metaplanet is increasingly being compared to MicroStrategy (Strategy) in the U.S., and for good reason. Both companies have pivoted their entire corporate strategy to a Bitcoin-first treasury model.
However, there’s a significant size difference:
- MicroStrategy: Holds 638,460 BTC after its latest purchase.
- Metaplanet: Currently holds 20,136 BTC.
This new $1.4 billion war chest is designed to close that gap rapidly. The company aims to scale its holdings to 100,000 BTC by the end of 2026 and a massive 210,000 BTC by the close of 2027.
How the Funds Will Be Used
The primary use of the proceeds is simple: buy Bitcoin. The funds will fuel Metaplanet’s acquisition strategy throughout September and October.
Additionally, a portion will support Bitcoin-related income-generating activities, such as:
- Options trading
- Other derivative strategies
This approach aims to generate yield on its BTC holdings, not just rely on price appreciation.
The Bottom Line
Metaplanet’s massively oversubscribed share offering is a powerful signal of institutional appetite for Bitcoin-focused equity. Investors aren’t just buying shares; they’re buying a direct, leveraged bet on Bitcoin’s future through a traditional corporate structure. This move cements Metaplanet’s ambition to become the definitive “MicroStrategy of Asia” and demonstrates that the corporate Bitcoin treasury trend is now a global phenomenon.
