Metaplanet has raised its international stock offerings from 180 million to 385 million shares, raising approximately $1.4 billion to fund additional Bitcoin (BTC) purchases.
On September 9, the company announced that it had increased 205 million shares in response to strong investors’ demand, with a 9.93% discount from the base price of 614 yen ($4.16) each at a pricing of 553 yen ($3.75) shares.
The expanded offering will increase the total outstanding shares of Metaplanet from 755.9 million to 1.14 billion shares. President Simon Gerovich confirmed the finalization of social media.
Metaplanet plans to allocate 183.7 billion yen ($1.25 billion) and 20.4 billion yen ($138.7 million) to its Bitcoin revenue generation business between September and December.
The funding supports Metaplanet’s plan to acquire 210,000 Bitcoin by 2027, accounting for around 1% of the total Bitcoin supply.
Metaplanet currently holds 20,136 Bitcoins, exceeding $2.24 billion, surpassing Asia’s largest corporate Bitcoin holder and the sixth largest riot platform in the world.
The company acquired 1,145 BTC in September for around $127.2 million.
Wall Street doesn’t want you to see this…
Get a 5-day high-level strategy that Pro uses to win with Crypto. Limited seats available – claim yours now.
It is brought about by encryption
Migrating to a new business model
Metaplanet has adopted Bitcoin as its main Treasury protection asset to oppose these risks while pursuing long-term capital gains.
The company disclosed its transition to Bitcoin financial management in May 2024 as part of its “Strategic Financial Transformation and Bitcoin Adoption” policy.
Metaplanet’s Bitcoin Revenue Generation Business recorded sales revenue of ¥1.904 million (nearly $13 million) in the second quarter of fiscal year 2025. The results represent the company’s efforts to generate yields from holdings of Bitcoin beyond simple appreciation.
The share offering structure includes the underwriter’s purchase rights of up to 375 million shares, and “an additional 180 million shares will be available through the full option. Final settlement and delivery are scheduled between September 16th and 17th.
The company’s aggressive Bitcoin accumulation strategy positions it among many companies that employ BTC as a financial asset, following the pathways established by the strategy and by other institutional employers in the cryptocurrency field.
