Metaplanet plans $3.7B stock sale to expand Bitcoin holdings, aiming to own 1% of global supply by 2027.
Metaplanet, a prominent Japanese investment firm, has announced plans to raise 555 billion yen, equivalent to approximately $3.73 billion, to expand its Bitcoin treasury. The company will fund this ambitious fundraising project by issuing perpetual preferred shares as the backbone of the company, using its Bitcoin assets.
Metaplanet Surpasses Tesla in Bitcoin Holdings
The official statement claims that the capital will go toward financing the long-term plan of Metaplanet to have 210,000 Bitcoins in its possession by the end of 2027. This number amounts to about one percent of the world supply of Bitcoins. The company has already achieved this, and a recent acquisition of 780 Bitcoins is added to the current ones.
The shares being proposed will provide an annual dividend to the investors of up to six percent. The dividend will, however, be determined by the market conditions and the general interest of the investors. It must be mentioned that this fundraising project will still need to be approved by the shareholders and can be under the regulation as well.
The number of Bitcoins that Metaplanet currently possesses is 17,132. Using the current market value of Bitcoin of about 114,396 dollars per Bitcoin, the company would be valued at just about 1.95 billion dollars. This makes Metaplanet surpass other companies like Tesla and Galaxy Digital in the number of Bitcoins they own but it does not get close to MicroStrategy which has more than 597,000 Bitcoins.
The announcement comes after a major ramp up in the stock performance of Metaplanet in recent months. The amount of trading increased by almost twice the size in June 2025 than the prior month and the shares of the firm have gained over 345 percent since the start of the year. This has been supported by the rising demand of investors to have exposure to Bitcoin particularly due to the poor bond market in Japan.
Related Reading: Metaplanet Launches $515M Bitcoin Treasury Expansion Plan
Metaplanet Pushes Bitcoin Strategy Despite Market Dip
However, some analysts have expressed caution. They caution that should the share price of Metaplanet be in the vicinity of its net asset value of its Bitcoin assets, additional stock issuing could devalue shareholders. This has resulted in a divided response in the market. The shares of Metaplanet dropped by over seven percent after the announcement of the fundraising, but the general trend of the company, as seen over the past six months, is very positive.
The company has planned an Extraordinary General Meeting, which will request the authorization of the issue of the new preferred shares. Although the company has announced its plan to proceed, it has also made it clear that no concrete issuance program is in the works and that it is not clear whether the proposal will go through.
Metaplanet Chief Executive Officer Simon Gerovich described the strategy of the company in a social media post and confirmed its intentions to enter the Bitcoin field as one of the leaders. Both retail and institutional investors are closely monitoring the move, particularly since there is a larger interest in digital assets globally.
As the fiscal year rolls on and financial uncertainties remain to influence the way people invest, Bitcoin is once more being marketed as a hedge against economic volatility. Metaplanet seems to be leaning into this new story as it seeks to position the company as one of the most hardcore corporate advocates of Bitcoin in Asia and the rest of the world.
The fate will rest on shareholder sentiment and regulatory review results. In case the initiative is successful, it will affect the status of Metaplanet in the digital asset market considerably and have an impact on the investing strategies of companies related to cryptocurrency across the globe.