Japanese investment firm Metaplanet has announced a major financial move aimed at expanding its Bitcoin holdings and boosting long-term corporate value. In a recent regulatory filing on Wednesday, the company revealed plans to issue up to 555 million new shares, potentially raising around $1.2 billion. This issuance could bring the total outstanding shares to approximately 1.27 billion.
Most of the Funds Will Go Toward Bitcoin Purchases
Of the $1.2 billion raised, Metaplanet plans to allocate around $837 million specifically for purchasing additional Bitcoin. The firm currently holds 18,991 BTC, which is valued at over $2.1 billion at current market prices. With this expansion, Metaplanet is doubling down on its aggressive Bitcoin accumulation strategy, positioning itself as a key institutional player in the crypto market.
The remaining $440 million will be invested into the company’s “Bitcoin Income Business.” This initiative focuses on generating passive income through covered call options based on Metaplanet’s Bitcoin holdings, providing a steady revenue stream while holding long-term positions in the cryptocurrency.
Strategy to Hedge Against Yen Weakness and Inflation
Executives at Metaplanet explained that the move is part of a broader plan to protect the company from ongoing yen depreciation and global inflation. By shifting capital into Bitcoin, the company aims to preserve purchasing power, enhance shareholder value, and tap into Bitcoin’s potential as a long-term store of value.
This bold strategy comes on the heels of strong Q2 earnings, which recently earned Metaplanet a spot in the FTSE Japan Index. As a result, the company has also secured automatic inclusion in the FTSE All-World Index, increasing its visibility and credibility with global investors.
Metaplanet’s ultimate goal is ambitious — it aims to acquire over 210,000 BTC by 2027, which would represent more than 1% of Bitcoin’s total global supply. If achieved, this would place the firm among the largest institutional holders of Bitcoin worldwide.
The final pricing for the share issuance is expected to be set between September 9 and 11, with settlement occurring shortly after. Investors and market watchers will be closely following this development as Metaplanet pushes forward with one of the most aggressive Bitcoin accumulation strategies in Asia.
