Metaplanet Secures Record-Breaking $745M for Bitcoin Acquisition

Key Points

• Metaplanet Inc, a Japanese financial services company, plans to raise $745 million to increase its Bitcoin holdings.
• The firm aims to acquire 10,000 Bitcoins by the end of 2025, and 21,000 by the end of 2026.

Metaplanet Inc, a Japan-based financial company, has publicized a significant capital raise in the Asian equity market. The goal is to significantly boost its Bitcoin (BTC) holdings.

The company intends to issue 21 million shares via 0% discount moving strike warrants. The target is around 116 billion yen (approximately $745 million). The stock acquisition rights are set at 363 yen ($2.33) per unit, with adjustable exercise prices that reflect market value.

Metaplanet’s Bitcoin Acquisition Plan

According to a recent announcement, the fund structure allows shareholders to purchase shares at an exercise price equal to the current market price. This minimizes dilution for existing shareholders. The unique design of these warrants highlights Metaplanet’s commitment to preserving shareholder value while pursuing its Bitcoin-centric strategy.

The raised funds will be utilized to boost the company’s Bitcoin acquisitions. In a separate statement, Metaplanet revealed its plan to purchase 10,000 Bitcoin by the end of 2025, and 21,000 Bitcoin by the end of 2026.

The Tokyo-listed firm believes this move will solidify its position as one of the largest corporate Bitcoin holders worldwide. As of the end of December last year, Metaplanet held about 1,761 BTC. These holdings currently have a market value exceeding ¥27.7 billion, indicating significant unrealized gains.

Metaplanet aims to spearhead the Bitcoin revolution within the Asian market. “The market has recognized Metaplanet as Tokyo’s leading Bitcoin company, and we are seizing this momentum to solidify our position as a global leader. Our vision is to lead the Bitcoin renaissance in Japan and emerge as one of the largest corporate Bitcoin holders globally. This plan is our commitment to that future,” said Simon Gerovich, Representative Director of Metaplanet.

Bitcoin Adoption by Corporations

Metaplanet’s initiative is part of a broader movement of corporations embracing Bitcoin. Notably, MicroStrategy, a US-based business intelligence firm, was the first to adopt Bitcoin as a treasury reserve asset.

As of January 27, 2025, MicroStrategy has acquired an additional 10,107 BTC for approximately $1.1 billion, bringing its total holdings to 471,107 BTC. To finance these purchases, the company has been issuing equity and debt, including a recent offering of 2.5 million shares of Series A Perpetual Strike Preferred Stock.

In addition to MicroStrategy, other companies have also joined the trend. LQR House, a specialized e-commerce platform, announced plans to purchase up to $1 million in Bitcoin as part of its new business strategy. The firm made the disclosure in November 2024.

Similarly, Japanese firm Remixpoint, operating in the energy and automotive sectors, announced in January that it plans to acquire BTC worth 500 million yen (approximately $3.27 million).