YEREVAN (CoinChapter.com) — Metaplanet, a Tokyo-listed company, has secured $745 million through 21 million shares issued via 0% discount moving strike warrants to grow its Bitcoin holdings. The equity funding, the largest Bitcoin-focused raise in Asia, generated 116 billion yen ($745 million).
The stock acquisition rights were priced at 363 yen per unit ($2.33) with adjustable exercise prices, allowing flexibility for investors. The funds will be used to expand Metaplanet’s Bitcoin (BTC) holdings, reinforcing its Bitcoin-first, Bitcoin-only strategy.
Following the announcement, Metaplanet’s stock price rose 5%. Year-to-date, the company’s stock has gained 16%, reflecting investor confidence in its BTC accumulation strategy.
Metaplanet to Buy 10,000 BTC With New Funds
Metaplanet plans to acquire 10,000 Bitcoin (BTC) by the end of 2025, significantly increasing its corporate Bitcoin holdings. The company confirmed its plan in a statement on X , calling it the largest Bitcoin purchase fund in Asian stock market history.
“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,”
Gerovich said.
The firm has previously turned to Bitcoin amid yen devaluation. Seven months ago, Metaplanet, along with Sony, raised $6.2 million through bond issuance to expand Bitcoin reserves. The latest capital raise continues this approach, reinforcing its Bitcoin-focused balance sheet strategy.
In January 2025, Metaplanet also announced plans to raise $62 million for additional Bitcoin purchases. The firm continues to prioritize Bitcoin accumulation as part of its long-term strategy.
Metaplanet Ranks Among Top Publicly Traded Bitcoin Holders
With 1,762 BTC in its treasury, Metaplanet ranks as the 15th-largest publicly traded Bitcoin holder. The Bitcoin Treasuries database tracks corporate Bitcoin acquisitions, showing Metaplanet’s expanding position.
The company’s strategy mirrors MicroStrategy’s corporate Bitcoin accumulation model. Michael Saylor, founder of MicroStrategy, acknowledged Metaplanet’s Bitcoin-focused approach.
Yen Devaluation and Market Reactions
Metaplanet’s latest capital injection aligns with ongoing challenges faced by the Japanese yen, which continues to experience devaluation pressures. The Bank of Japan (BOJ) recently implemented a 25 basis point (bp) interest rate hike, raising its benchmark lending rate to 0.5%, the highest since 2008.
Bitcoin’s price increased 3.77% following Metaplanet’s announcement and is now trading at $102,350, while the company’s stock also reacted positively.
Notably, in addition to its BTC investments, the company’s shareholder base also grew to over 50,000, while its share trading volume surged 430 times year-on-year.
Investor sentiment remains strong, with one X user noting,
“…it [Metaplanet] aims to strengthen its position as a global leader in corporate Bitcoin holdings.”
