Japanese Investment Firm Metaplanet Plans Major Bitcoin Purchase

Japanese investment firm Metaplanet announced on Tuesday its plan to raise 116 billion Japanese yen (approximately $745.5 million) to acquire additional Bitcoin.

The firm intends to issue 21 million shares of 0% discount warrants, allowing holders to buy Metaplanet’s shares at a predetermined price before the warrants expire.

Metaplanet claims this transaction could be the largest capital raise in Asian equity markets history aimed at purchasing Bitcoin (BTC).

According to the firm, in January 2025, Bitcoin hit a new all-time high, while the Japanese yen depreciated significantly, with the exchange rate against the US dollar approaching 160 yen. This situation has prompted Metaplanet to expedite fundraising and Bitcoin purchases.

In December, Metaplanet last acquired 619.7 BTC for 9.5 billion yen ($60.6 million), funded through bond issuance. As of now, it ranks as the 12th largest publicly traded Bitcoin holder, possessing approximately 1,761 BTC.

Metaplanet aims to increase its Bitcoin holdings to 10,000 BTC by the end of this year and 21,000 BTC by the end of 2026.

CEO Simon Gerovich noted that since adopting the Bitcoin Standard on April 8, 2024, Metaplanet has experienced significant growth. He stated, “The market has recognized Metaplanet as Tokyo’s preeminent Bitcoin company, and we are seizing this momentum to solidify our position as a global leader.”

On Tuesday, Metaplanet’s shares rose 3.1% to 4,160 yen, with a year-to-date increase of 16.36%. Bitcoin also saw a 3.49% rise in the last 24 hours, trading at $102,794.