Metaplanet Board Approves $1.2B Fundraising Plan for Bitcoin Treasury Expansion

Metaplanet’s board has approved the plan to raise 180.3 billion yen (approximately $1.2 billion) through overseas share issuance. Once raised, the majority of the funds will be used to expand the Japanese firm’s Bitcoin holdings. According to the filing submitted by the company, Metaplanet will issue 555 million new shares. These new shares are expected to increase the total outstanding stock of the company from 722 million to close to 1.27 billion. The share price will be determined between September 9 and 11, and the settlement payment is expected soon after that.

Metaplanet Planning to Raise $1.2 Billion

Metaplanet disclosed that nearly $835 million of the raised capital will be allocated toward purchasing additional Bitcoin. This will supplement its current treasury of 18,991 BTC valued at around $2.1 billion. The company emphasized that its Bitcoin-first approach is intended to shield against the declining yen, hedge inflation risks, and strengthen long-term corporate value.

In addition, approximately $440 million will be funneled into Metaplanet’s “Bitcoin Income Business,” which generates revenue through selling covered call options on its BTC reserves. The company highlighted that this program is already profitable and will scale further with the newly raised funds.

This fundraising initiative is the latest in a series of bold Bitcoin-focused strategies, following the “21 Million Plan” unveiled in April and the “555 Million Plan” announced in June. Metaplanet has set an ambitious goal of holding over 210,000 BTC by 2027, which would represent more than 1% of Bitcoin’s total capped supply.

The offering will target overseas institutional investors and will not be available to U.S. retail markets. The filing noted that the issuance was not registered under the U.S. Securities Act of 1933.

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Metaplanet CEO Simon Gerovich confirmed the announcement in a brief statement on X: “We announced an international offering of new shares earlier today. Due to legal restrictions, we cannot comment further beyond the official release while the offering is ongoing.”

In a further boost, Metaplanet has been promoted from small-cap to mid-cap status in FTSE Russell’s September 2025 Semi-Annual Review, securing a place in the FTSE Japan Index. This inclusion also guarantees automatic entry into the FTSE All-World Index, aligning Metaplanet with major global corporations.

The upgrade follows strong second-quarter results and underscores growing recognition of Metaplanet’s aggressive pivot toward Bitcoin as both a treasury and business strategy.