Metaplanet’s stock jumped more than 16% on Wednesday after it finalized a large share sale to expand its Bitcoin holdings.
Metaplanet Shares Rally After Billion Dollar BTC Buy Announcement
11 September 2025 - 09:54 CEST
Metaplanet pared a two-month decline since mid-July after it announced in a statement that it would raise around JPY 212 billion ($1.44 billion) through an international placement. The company will issue 385 million new shares at ¥553 apiece — a 9.9% discount to its 9 Sept close of ¥614.
That amount is more than double the originally planned 180 million shares it planned to sell when the initial sale was announced to investors on 27 Aug and approved at a 1 Sept extraordinary general meeting, along with the ambition to offer as much as 550 million shares as part of its ongoing fundraising activities. Metaplanet also secured a major investment from Nakamoto Holdings.
All in on BTC
Metaplanet said nearly all proceeds will go toward its Bitcoin treasury strategy, with ¥183.7 billion earmarked for BTC purchases. It has also set aside ¥20.4 billion for its Bitcoin-based income generation business that the company said made a Q2 income of ¥1,904 million by trading Bitcoin options.
The company now holds just over 20,000 Bitcoins and plans to acquire around 11,000 more with the new funds. Metaplanet, led by President Simon Gerovich, adopted Bitcoin as its primary reserve asset in 2024 to hedge against Japan’s high debt, negative rates and yen weakness, it noted in its statement.
Nakamoto steps in
The latest effort to swap equity for capital featured an investment of up to $30 million in the company from Nakamoto Holdings, the US Bitcoin treasury firm led by Bitcoin Magazine’s CEO David Bailey.
Through its Nasdaq-listed subsidiary KindlyMD (NAKA), Nakamoto agreed to purchase shares at the ¥553 offer price, with settlement due 16 Sept and delivery on 17 Sept.
Bailey called the deal a “long-term strategic investment,” according to an announcement on the company website, noting that: “Metaplanet has established itself as a leader in Japan’s Bitcoin landscape through its commitment to advancing financial innovation and driving the global adoption of Bitcoin”.
“[We] believe this investment will further strengthen the global network of companies placing Bitcoin at the center of institutional finance," Bailey added.
