Metaplanet to Raise $1.2B to Boost Bitcoin Treasury, Eyes 210K BTC by 2027

Metaplanet to Raise $1.2 Billion via Overseas Share Issuance

Tokyo-based investment company Metaplanet Inc. has greenlit a plan to raise 180.3 billion yen (approximately $1.2 billion) through an overseas issuance of up to 555 million new shares. If fully executed, the issuance would expand Metaplanet’s outstanding shares from 722 million to nearly 1.27 billion.

The share issue price is expected to be determined between September 9–11, 2025, with payments scheduled shortly after settlement.

$835 Million Earmarked for Bitcoin Purchases

A significant portion of the proceeds—around $835 million—will be allocated to expand Metaplanet’s Bitcoin treasury reserves, which currently stand at 18,991 BTC, valued at approximately $2.1 billion.

Related: Metaplanet Issues $21M in Zero-Interest Bonds to Boost Bitcoin Holdings After $50M Raise

The company emphasized that the move is designed to:

• Hedge against Japan’s depreciating yen

• Protect shareholder value from inflationary risks

• Strengthen its long-term position as a Bitcoin-focused enterprise

Expanding the Bitcoin Income Business

In addition to direct BTC acquisitions, Metaplanet will allocate $440 million toward scaling its “Bitcoin Income Business”. This division generates revenue by selling covered call options on its BTC holdings—a strategy the firm says is already profitable and will be expanded significantly with fresh capital.

Metaplanet CEO announces new share offering. Source: Simon Gerovich

Long-Term Bitcoin Accumulation Strategy

This fundraising is part of Metaplanet’s broader “21 Million Plan” and “555 Million Plan”, both unveiled earlier in 2025. The company has set an ambitious target of holding over 210,000 BTC by 2027—equivalent to more than 1% of Bitcoin’s total capped supply.

To achieve this, the new shares will be placed with institutional investors overseas. Notably, the issuance will not be registered under the U.S. Securities Act of 1933 and will not be available as a public offering in the United States.

Metaplanet CEO Simon Gerovich commented on X, stating:

“We announced an international offering of new shares earlier today. Due to legal restrictions, we cannot comment further while the offering is ongoing.”

Metaplanet Joins FTSE Japan Index

In parallel with its capital raise, Metaplanet has been upgraded from small-cap to mid-cap status in FTSE Russell’s September 2025 Semi-Annual Review. This upgrade grants the company entry into the FTSE Japan Index, and by extension, the FTSE All-World Index—placing Metaplanet among the largest publicly traded companies globally.

The inclusion comes on the heels of a strong Q2 performance and further solidifies Metaplanet’s standing as a rising force in the Bitcoin investment ecosystem.

Conclusion: Positioning as Japan’s Bitcoin Powerhouse

With its latest $1.2 billion fundraising initiative, Metaplanet is doubling down on its commitment to Bitcoin as both a strategic reserve asset and a revenue-generating instrument. Its aggressive BTC accumulation plan, combined with growing global recognition through FTSE index inclusion, positions the company as one of the most prominent institutional players in the Bitcoin economy.

Related: Japan’s SBI Partners with Circle, Ripple, and Startale to Advance Stablecoins and Tokenized Assets

If successful, Metaplanet could become a leading corporate Bitcoin holder—potentially rivaling the scale of MicroStrategy and other U.S.-based Bitcoin treasuries.

FAQs

1. Why is Metaplanet raising $1.2 billion?

Metaplanet is raising $1.2 billion through an overseas share issuance to expand its Bitcoin treasury, hedge against yen depreciation, and strengthen long-term shareholder value.

2. How much of Metaplanet’s fundraising will go into Bitcoin?

Approximately $835 million of the funds will be allocated to purchasing more Bitcoin, expanding its already significant BTC reserves.

3. How does Metaplanet’s Bitcoin strategy compare to MicroStrategy?

Like MicroStrategy, Metaplanet is pursuing an aggressive Bitcoin treasury strategy, aiming to hold over 210,000 BTC by 2027, making it a leading corporate Bitcoin holder.

4. What is Metaplanet’s “Bitcoin Income Business”?

The Bitcoin Income Business generates revenue by selling covered call options on BTC holdings. Metaplanet plans to expand this model using $440 million from the new fundraising.

5. What does Metaplanet’s inclusion in the FTSE Japan Index mean?

Joining the FTSE Japan Index and FTSE All-World Index elevates Metaplanet’s global visibility, attracting institutional investors and solidifying its role as Japan’s Bitcoin powerhouse.