Metaplanet Expands Share Offering to $1.4B for Major Bitcoin Purchases

Metaplanet has sharply expanded its international share offering, raising roughly $1.4 billion in fresh capital to accelerate its Bitcoin acquisition strategy.

On September 9, the Tokyo-based company announced that it had upsized the offering from 180 million shares to 385 million shares, citing strong demand from investors. The shares were priced at 553 yen ($3.75) each, a 9.93% discount from the reference price of 614 yen ($4.16).

This expansion boosts Metaplanet’s total outstanding shares from 755.9 million to 1.14 billion. President Simon Gerovich confirmed the deal’s finalization on social media, noting overwhelming market interest in the fundraising.

Of the funds raised, 183.7 billion yen ($1.25 billion) will be directed toward additional Bitcoin purchases, while 20.4 billion yen ($138.7 million) will support the company’s Bitcoin income-generation operations between September and December.

The initiative reinforces Metaplanet’s bold plan to acquire 210,000 BTC by 2027, approximately 1% of Bitcoin’s total supply. If successful, the move would cement its position as one of the largest institutional holders of the asset.

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At present, Metaplanet holds 20,136 BTC valued at over $2.24 billion, making it the largest corporate Bitcoin holder in Asia and the sixth largest worldwide, ahead of Riot Platforms. The company added 1,145 BTC in September alone, at an estimated cost of $127.2 million.

By scaling its Bitcoin strategy, Metaplanet is signaling that it aims to rival global giants like MicroStrategy in positioning Bitcoin at the heart of its corporate treasury.