 
 
Hailed as Japan’s Strategy, Metaplanet, which already owns over 20,000 BTC, has announced radical plans to raise $1.45 billion in an international share sale and spend nearly all of the proceeds boosting its holdings of the alpha cryptocurrency over the next two months.
According to a Tuesday announcement, Metaplanet’s board of directors approved a new international offering of stock in late August.
The company will offer the 385 million new Tokyo-traded shares to offshore investors at 553 yen each. With this offering, Metaplanet intends to raise a total of ¥212.9 billion ($1.45 billion).
The Japanese investment firm said the majority of the net proceeds, ¥183.7 billion ($1.25 billion), are set for Bitcoin purchases in September and October, per the notice determining the issue price. Another ¥20.4 billion ($139 million) will be allocated to its income-generation operations.
As of Sept. 1, the Tokyo-listed company holds roughly 20,136 Bitcoins since kicking off its BTC-buying strategy last year. Metaplanet generates additional revenue by trading bitcoin options, reportedly earning JPY 1,904 million in sales revenue from this business in Q2 of 2025.
 
In the same notice, the company reiterated its rationale for buying Bitcoin, pointing to “elevated levels of national debt, prolonged real negative interest rates, and an ongoing depreciation of the yen” as primary drivers that motivated it to commit to positioning Bitcoin as a core reserve asset pivot in April 2024.
Metaplanet is now the sixth-biggest publicly traded Bitcoin treasury company after overtaking Bitcoin miner Riot Platforms, now trailing only Strategy, Mara, XXI, Bitcoin Standard Treasury Company, and Bullish. The pace of the Metaplanet’s Bitcoin accumulation has made it Asia’s most prominent publicly traded adopter of the cryptocurrency.
Michael Saylor’s Strategy remains the pack leader among public corporate BTC holders. The company holds a staggering 638,460 BTC stack worth over $72 billion, following its latest 1,955 Bitcoin scoop for $217.4 million.