 
 
Japanese investment firm Metaplanet announced on Friday that it has filed to raise $3.7 billion (555 billion yen) through a stock offering to fund its aggressive Bitcoin accumulation strategy.
The Tokyo-listed company filed a shelf registration with a planned effective date from August 9, 2025, until August 8, 2027, allowing it to issue perpetual preferred shares in portions across the two years when market conditions align. The shares will offer up to a 6% annual dividend, depending on market conditions and investor demand, with all proceeds explicitly earmarked for Bitcoin buys.
Metaplanet explained that this latest capital-raising effort will help fund its previously announced goal of amassing 210,000 BTC by the end of 2027.
“The Company intends to actively pursue equity financing as part of its ‘Bitcoin Strategy,’ which aims to acquire 210,000 BTC by the end of 2027,” it said. “We believe that introducing Bitcoin-backed preferred shares represents a pioneering effort to fill this gap.”
Metaplanet currently holds 17,132 BTC worth around $1.95 billion at a price of $114,396, following its most recent purchase of 780 BTC on July 28.
 
The proposed capital raise is 75% of Metaplanet’s current market cap of 729 billion yen, and could significantly change the future of the firm.
However, the company clarified that “no specific plan for the issuance of the Preferred Shares is currently in progress, and it is uncertain whether such issuance will take place.”
Bitcoin Treasury Companies Become Global Phenomenon
The number of public companies holding Bitcoin continues to increase dramatically. Strategy (formerly known as MicroStrategy) gained a first-mover advantage by aggressively buying BTC under the direction of its chairman, Bitcoin evangelist Michael Saylor, beginning in 2020. The trend gained momentum when Saylor offered to share his bold Bitcoin playbook with Tesla later that year, with the Elon Musk-owned EV maker subsequently scooping up $1.5 billion worth of BTC in February 2021.
Metaplanet’s capital approach follows that of Strategy, which secured $2.5 billion earlier this week by issuing STRC, its latest perpetual preferred stock offering designed to pay a floating monthly dividend starting at 9%.
Bitcoin is changing hands for $113,444 as of publication time, down 2% in the last 24 hours, according to crypto data provider CoinGecko.
Source: https://zycrypto.com/metaplanet-japans-biggest-corporate-bitcoin-holder-to-raise-additional-3-7-billion-to-accelerate-btc-buying-spree/