Catenaa, Thursday, September 11, 2025-Japanese bitcoin treasury firm Metaplanet said Tuesday it will raise $1.4 billion through an international stock offering to accelerate its bitcoin accumulation strategy.
The Tokyo-listed company, trading under ticker MTPLF, will issue 385 million new shares priced at 553 yen, about $3.75 each, targeting global investors.
The fresh capital marks a significant increase from an earlier plan to issue 180 million shares.
According to the filing, roughly $1.2 billion of the proceeds will fund direct bitcoin purchases, while the remainder will support the company’s bitcoin income generation business, including options trading.
The firm reported nearly $13 million in sales revenue from its derivatives activity during the second quarter of 2025.
As of September 1, Metaplanet holds 20,136 bitcoins, making it the sixth-largest publicly traded bitcoin treasury after Strategy, Mara, XXI, Bitcoin Standard Treasury Company and Bullish.
The company disclosed this week it added $15 million worth of bitcoin to its reserves.
The move builds on Metaplanet’s May 2024 decision to shift its treasury management policy, adopting bitcoin as its primary reserve asset. The company cited Japan’s weakening yen, high debt levels and prolonged negative real interest rates as reasons for the strategic shift.
Despite the offering, Metaplanet’s shares closed 2.8% lower Monday at $4.49, giving it a market capitalization of $3.6 billion, according to The Block’s price page.
