Japanese investment firm Metaplanet has unveiled plans for a massive equity raise, filing to issue up to 555 million new shares.
The offering will expand its total outstanding stock from 722 million to around 1.27 billion, with pricing scheduled between September 9 and 11 and settlement to follow soon after.
Bitcoin at the center of capital strategy
The bulk of the funds, nearly $835 million, will be allocated to boosting Metaplanet’s already large Bitcoin reserves, which currently total 18,991 BTC valued at about $2.1 billion. Executives described the move as a hedge against Japan’s depreciating yen, a defense against inflation, and a long-term value driver for shareholders
The company will also direct $45 million to its so-called Bitcoin Income Business, which earns yield through covered call options on its BTC holdings. Management said the program has already proven profitable and will expand in scale with the additional capital.
Ambitious targets and growing recognition
The share sale is part of Metaplanet’s ambitious “21 Million Plan,” which envisions building a reserve of more than 210,000 BTC by 2027. The firm has previously rolled out initiatives like the “555 Million Plan” to signal its determination to become one of the world’s largest corporate holders of Bitcoin.
CEO Simon Gerovich confirmed the offering in a brief statement on X, noting that regulatory constraints prevent further commentary. The shares will be sold exclusively to overseas institutional investors and are not being registered under U.S. securities laws.
Market upgrade boosts credibility
Adding momentum, FTSE Russell recently promoted Metaplanet to the FTSE Japan Index, upgrading it from small-cap to mid-cap status. It will also enter the FTSE All-World Index, securing its place among major global companies by market capitalization.
With its aggressive expansion of Bitcoin holdings and inclusion in key equity benchmarks, Metaplanet is positioning itself as a standout corporate player in the digital asset space—a company betting its future on Bitcoin at a scale few others have attempted.
