Highlights:
- Metaplanet already holds over 20,100 BTC and aims to become the world’s second-largest Bitcoin treasury after MicroStrategy.
- Metaplanet announced new subsidiaries in Japan and US to expand its Bitcoin income generation business.
- Metaplanet shares fell 1.16% to 594 JPY and have dropped 31% in the past month, despite BTC purchases.
On September 17, Japan-based Metaplanet announced that they have finally completed raising $1.4 billion for additional Bitcoin purchases. Popular as Japan’s MicroStrategy, the firm already holds over 20,100 Bitcoins on its balance sheet, with aggressive BTC purchases in 2025. The company has also announced new subsidiaries in the US and Japan for its Bitcoin income generation business.
Metaplanet Raises $1.4 Billion for Bitcoin Purchases
Earlier this month in September, Japanese firm Metaplanet completed its international share offering, increasing the size from the initially underwritten 180 million shares to 385 million shares.
As a result, the total funds raised amount to approximately 205 billion JPY i.e. around USD 1.4 billion. The company said that it will use all these proceeds towards additional BTC purchases. Additionally, the company has also secured shareholder approval for a $3.7 billion Bitcoin funding plan.
Japanese technology company Metaplanet has revealed its decision to proceed with a public offering. The company identified a “rapid global increase in BTC treasury companies” as a primary driver. As a result, the Japanese firm views expanding its BTC reserves as crucial for long-term competitive positioning.
This public offering from Metaplanet comes following significant institutional interest. Speaking on the development, company CEO Simon Gerovich said:
“With the successful closing of our public offering today, we are proud to welcome a world-class base of leading global institutional investors—including some of the largest mutual fund complexes, sovereign wealth funds, and hedge funds. Their participation is a powerful endorsement of Metaplanet and a clear signal of growing institutional interest in our Bitcoin treasury strategy.”
Currently ranked sixth globally among Bitcoin treasury companies, Metaplanet aims to achieve the world’s second-largest position through this public offering. The company seeks to trail only Michael Saylor’s MicroStrategy Inc. (NASDAQ: MSTR) in corporate Bitcoin holdings.
Metaplanet Announces Japan and US Expansion
In addition to the massive fundraise for new BTC purchases, the Japanese firm announced the creation of new subsidiaries in the United States and Japan to grow its Bitcoin income generation operations.
The new entities include Metaplanet Income Corp., Bitcoin Japan Inc., and Bitcoin Japan Co. Ltd. While commenting on company’s growth plans, Gerovich wrote:
Metaplanet Income Corp. in the U.S. to further expand our Bitcoin Income Generation Business. This business has become our engine of growth, generating consistent revenue and net income. We are cash flow positive, producing significant internal cash flow to support future initiatives.
The Bitcoin-focused company also revealed the strategic acquisition of the domain “Bitcoin.jp” to bolster its presence in Japan. Additionally, it announced adjustments to the minimum exercise price for the 20th to 22nd series of stock acquisition rights.
Stock Still Remains Under Pressure
Metaplanet’s stock price slipped 1.16% to 594 JPY, trading between 571 JPY and 614 JPY over the past 24 hours. According to Yahoo Finance, the stock has dropped 31% in the last month, bringing its year-to-date (YTD) return down to 71%. The decline comes as the company continues selling equities to fund additional Bitcoin purchases.
In the U.S., MTPLF shares fell 19% over the past week and nearly 30% in the last month, cutting YTD gains to 81%. The pullback coincides with Metaplanet’s aggressive Bitcoin accumulation strategy. Reports also note that major institutions, including Morgan Stanley, UBS, Jefferies, and JPMorgan, hold significant short positions in the stock.
The slump in Metaplanet shares contrasts with Bitcoin’s recent strength, as the cryptocurrency gained more than 6% in the past week amid expectations of further upside tied to potential Federal Reserve rate cuts.
Bhushan is a FinTech enthusiast and holds a good flair for understanding financial markets. His interest in economics and finance draws his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In his free time, he reads thriller fiction novels and sometimes explores his culinary skills.
