- Metaplanet to raise $1.2B via overseas share issuance, with $835M allocated to Bitcoin purchases
- Around $440M will expand its Bitcoin Income Business, which earns revenue through covered call options
- The company secures inclusion in the FTSE Japan and FTSE All-World Indexes, marking a step up to mid-cap status
Japanese investment firm Metaplanet has approved a plan to raise 180.3 billion yen ($1.2 billion) through an overseas share issuance, with the majority of funds earmarked for expanding its Bitcoin (BTC) holdings.
Massive share issuance to fuel BTC strategy
According to a Wednesday filing, Metaplanet will issue up to 555 million new shares, potentially increasing its outstanding stock from 722 million to 1.27 billion shares. The final issue price will be determined between September 9–11, with settlement to follow shortly after.
The company confirmed that nearly $835 million of the proceeds will be directed toward buying additional Bitcoin, adding to its existing treasury of 18,991 BTC, valued at approximately $2.1 billion. Executives said the move aims to protect against the weak yen, hedge against inflation, and boost corporate value.
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Expanding Bitcoin income business
In addition to direct BTC purchases, around $440 million will be allocated to the firm’s “Bitcoin Income Business.” The program generates yield by selling covered call options on the company’s Bitcoin reserves, an initiative Metaplanet says is already producing profits and will now be expanded further.
This initiative aligns with the company’s broader long-term BTC strategy, which includes the “21 Million Plan” announced in April and the “555 Million Plan” unveiled in June. Metaplanet has set a goal of acquiring over 210,000 BTC by 2027, equivalent to more than 1% of Bitcoin’s total supply.
Institutional placement and regulatory limits
The new share offering will be conducted through overseas placements to institutional investors. The filing specified that the issuance will not be registered under the U.S. Securities Act of 1933 and will therefore not be offered to the public in the United States.
We announced an international offering of new shares earlier today, said Metaplanet CEO Simon Gerovich in a post on X. “Due to legal restrictions, we cannot comment on the offering beyond what is in the release while the offering is ongoing.”
Inclusion in FTSE indexes boosts profile
Metaplanet’s aggressive Bitcoin-focused approach has coincided with its recent upgrade in global equity benchmarks. The company has been moved from small-cap to mid-cap status in FTSE Russell’s September 2025 Semi-Annual Review, gaining entry into the FTSE Japan Index.
This also secures its automatic addition to the FTSE All-World Index, placing Metaplanet alongside some of the world’s largest publicly traded firms. The promotion follows a strong second-quarter performance, further cementing the company’s rising profile.
