Japanese listed companies double down on Bitcoin: Metaplanet raises $137 million through additional issuance, accelerating treasury strategy across the board

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On January 29, Tokyo-listed company Metaplanet announced the launch of a new round of stock issuance plans, aiming to raise approximately 20.7 billion yen (about $137 million) through third-party allotments. The funds will mainly be used to purchase Bitcoin and strengthen its “Bitcoin Treasury” strategy. This decision was confirmed after a board meeting, marking an upgrade in the company’s investment in its 2026 Bitcoin strategy.

According to disclosures, Metaplanet will issue approximately 24.5 million new common shares at 499 yen per share, expected to raise about 12.2 billion yen; it will also issue stock options, which upon exercise can acquire about 15.9 million new shares at an exercise price of 547 yen per share. If all options are exercised, an additional approximately 8.8 billion yen will be raised. The relevant funds are expected to be settled by mid-February. The transfer of stock options requires approval from the board and is mainly targeted at overseas investors.

Regarding the use of funds, about 14 billion yen will be directly used to increase Bitcoin holdings, 1.5 billion yen to support its Bitcoin income business, and the remaining approximately 5.1 billion yen to repay debt. The company stated that it is optimistic about Bitcoin’s performance relative to the yen in the medium to long term and hopes to become one of the leading companies in global holdings by 2026. Subsequent Bitcoin purchases will be carried out in phases and managed by its subsidiary, Metaplanet Lightning Capital.

Metaplanet pointed out that this issuance will have limited impact on its financial performance in 2026, and any significant changes will be disclosed promptly. Its main shareholders still include accounts related to State Street, Clearstream, and Charles Schwab. Currently, the company not only treats Bitcoin as a core asset for fund management but also operates hotel businesses and options strategies, with quarterly valuation assessments of its holdings.

Globally, the trend of listed companies raising funds to allocate Bitcoin is expanding. As one of Japan’s most active corporate buyers, Metaplanet once again demonstrates confidence in Bitcoin’s long-term value through action, drawing market attention to its subsequent accumulation pace and capital return performance.

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