Metaplanet Upsizes Share Offering to $1.4B for Aggressive Bitcoin Acquisition Strategy

Metaplanet just turbocharged its Bitcoin war chest—announcing a massive $1.4 billion share offering to double down on its crypto bet.

Why the sudden move?

The firm’s going all-in on Bitcoin, positioning itself as Asia’s answer to MicroStrategy. No half-measures—just full-throttle accumulation.

Timing is everything.

With institutional adoption accelerating and regulatory clarity improving, Metaplanet’s betting big that Bitcoin’s runway is long—and lucrative.

Not everyone’s convinced, though.

Some traditional finance veterans are shaking their heads—calling it a 'high-risk equity dilution play dressed up as innovation.' But then again, they said the same thing about Tesla.

One thing’s clear: Metaplanet isn’t waiting around for permission. They’re buying the dip—with shareholder money.

Transitioning into a new business model

Metaplanet adopted Bitcoin as its primary treasury reserve asset to hedge against these risks while pursuing long-term capital appreciation.

The company disclosed its transition to Bitcoin treasury management in May 2024 as part of its “Strategic Treasury Transformation and Bitcoin Adoption” policy.

Metaplanet’s Bitcoin income generation business recorded 1.904 million yen (nearly $13 million) in sales revenue during the second quarter of the fiscal year 2025. The result represents the company’s efforts to generate yield from its Bitcoin holdings beyond simple appreciation.

The share offering structure includes underwriter purchase rights for up to 375 million shares, with an additional 180 million shares available through overallotment options. Final settlement and delivery are scheduled between Sept. 16 and 17.

The company’s aggressive Bitcoin accumulation strategy positions it among a growing number of corporations adopting BTC as a treasury asset, following the path established by Strategy and other institutional adopters in the cryptocurrency space.