Metaplanet Inc. has announced the temporary suspension of the exercise of its 20th, 21st, and 22nd Series of Stock Acquisition Rights, effective from September 3 to September 30. This decision follows recent progress in the exercise of the 20th Series, where 275,000 rights were exercised between August 14 and August 26, resulting in the issuance of 27.5 million new shares. Unexercised rights for these series amount to 360,000 units for the 20th Series and 1.85 million units each for the 21st and 22nd Series. The suspension is part of the company’s strategic management of financial instruments, with the flexibility to resume or adjust the suspension as needed [1].
The company is also advancing its capital-raising strategy. Metaplanet plans to issue up to 555 million new shares through an international offering, subject to shareholder approval at an extraordinary general meeting on September 1. The offering, expected to raise approximately 130.3 billion yen ($880 million), will be allocated primarily to Bitcoin purchases and a smaller portion to its Bitcoin income generation business. The company emphasized that this move aims to expand its Bitcoin net asset value (NAV) and strengthen ties with global institutional investors. The offering will be conducted exclusively in overseas markets, with U.S. sales limited to qualified institutional buyers [1].
The company has been actively accumulating Bitcoin over the past year, transforming from a hotel management business into a dedicated Bitcoin treasury company. As of August 27, Metaplanet holds 18,991 BTC, valued at over $2.14 billion, ranking it as the seventh-largest publicly traded Bitcoin holder globally [5]. This accumulation strategy is part of the company’s broader plan to become one of the world’s largest corporate holders of Bitcoin, with a long-term target of 210,000 BTC by 2027. CEO Simon Gerovich, a former Goldman Sachs derivatives trader, has overseen this transformation, positioning the company as a regional counterpart to U.S.-based firm Strategy [3].
Metaplanet has also taken steps to strengthen its balance sheet. In recent months, the company has redeemed portions of its 19th Series of Ordinary Bonds ahead of their scheduled maturity in December, reducing liabilities and improving its financial flexibility. This action is part of a broader strategy to optimize its capital structure and prepare for future expansion [1]. Additionally, the company’s inclusion in the FTSE Japan Index, following a mid-cap upgrade by FTSE Russell, has further solidified its position in the market. This upgrade has automatically included Metaplanet in the FTSE All-World Index, attracting passive investment capital from traditional finance [6].
The company’s aggressive Bitcoin accumulation and capital-raising efforts have drawn attention from both institutional and retail investors. Metaplanet’s shares have experienced significant volatility, with a 6% increase on Wednesday following the announcement of the international offering. Despite a recent dip, the company’s shares have shown strong year-to-date performance, outpacing many traditional benchmarks. The company’s stock is now held by over 128,000 shareholders, reflecting broad investor support for its Bitcoin-focused strategy [4]. Metaplanet’s ability to raise capital and execute large-scale Bitcoin purchases has positioned it as a key player in the intersection of traditional finance and digital assets.
Source:
[1] Metaplanet Shares Jump 6% on International Stock Sale … (https://finance.yahoo.com/news/metaplanet-shares-jump-6-international-094717317.html)
[2] Metaplanet Inc. Suspends Stock Acquisition Rights Exercise (https://www.tipranks.com/news/company-announcements/metaplanet-inc-suspends-stock-acquisition-rights-exercise)
[3] Metaplanet Eyes $837M Raise to Buy More Bitcoin After … (https://finance.yahoo.com/news/metaplanet-eyes-837m-raise-buy-152209245.html)
[4] Metaplanet seeks fresh $881M international funding to … (https://www.mitrade.com/insights/news/live-news/article-3-1072946-20250827)
[5] Japan-based Metaplanet aims to raise $880M … (https://cryptoslate.com/japan-based-metaplanet-aims-to-raise-880m-from-overseas-investors-for-bitcoin-buying-spree/)
[6] Metaplanet joins FTSE Japan Index after mid-cap upgrade (https://www.mitrade.com/insights/news/live-news/article-3-1066152-20250825)
