Metaplanet Inc., a publicly traded Japanese investment company, has announced a significant move to expand its Bitcoin holdings. The firm plans to raise more than $1.38 billion through an international share offering. This capital raise is a core part of the company’s strategy to use Bitcoin as a primary treasury asset to hedge against inflation and the depreciation of the Japanese yen.
Of the net proceeds, $1.24 billion is earmarked for the purchase of Bitcoin in the coming months. This will add to Metaplanet’s current holdings of 20,000 BTC, which were valued at approximately $2.06 billion as of September 1, 2025.
In addition to acquiring more Bitcoin, the company will allocate $138 million to its Bitcoin income business. This segment, which generated $8.34 million in the second quarter of 2025, aims to achieve full-year profitability through activities like options trading.
By pursuing an overseas share offering, Metaplanet is not only seeking to grow its Bitcoin reserves but also to expand its investor base beyond Japan. The firm’s strategy closely mirrors that of U.S. companies like MicroStrategy, solidifying its position as Japan’s largest corporate Bitcoin holder. However, the article also notes that while these strategies have been successful, the recent volatility and declining market value of other crypto treasury firms’ shares indicate potential risks to this model.
September 2025, Cryptoniteuae
