Metaplanet to Secure $3.7 Billion in New Stocks for Expanded Bitcoin Acquisition Endeavors
Metaplanet, a global corporation, is set to revolutionise corporate Bitcoin treasury management with a bold plan to expand its Bitcoin holdings. The company aims to surpass MicroStrategy and become the world's largest corporate Bitcoin holder by the end of 2027, holding approximately 210,000 BTC.
Metaplanet's strategy mirrors that of the largest corporate Bitcoin treasury, Strategy, which recently secured $2.5 billion. To achieve this goal, Metaplanet is planning to issue perpetual preferred shares, with an aim to raise $3.7 billion through a stock offering.
The company has already started its Bitcoin accumulation journey, growing its holdings significantly since late 2024. Metaplanet currently holds 17,132 BTC, up from fewer than 4,000 BTC in March 2025. This impressive growth has been accompanied by a strong year-to-date BTC return of approximately 170%.
The issuance of the perpetual preferred shares is planned to occur gradually from August 9, 2025, to August 8, 2027. However, no specific plan for this issuance is currently in progress, and it is uncertain whether such issuance will take place.
The company has proposed establishing two new classes of perpetual preferred shares, Class A and Class B, with potential issuance values of $1.9 billion (277.5 billion yen) each. If approved at an Extraordinary General Meeting in September, the authorized shares will be increased from 1.61 billion to 2.723 billion.
The proposed shares offer dividend payouts up to 6% annually, prioritising Bitcoin acquisitions. Metaplanet's CEO, Simon Gerovich, emphasises the importance of using Bitcoin as collateral rather than selling it, aiming to maintain and increase their BTC holdings while financing acquisitions.
This strategic shift reflects a growing trend among corporations to leverage Bitcoin not just as a treasury asset but also as a tool for expansion. By financing acquisitions of cash-generating businesses, such as financial services and digital banking firms, without selling its Bitcoin holdings or using convertible debt, Metaplanet is pioneering a model that could set a significant precedent in corporate Bitcoin treasury management.
The fundraising aims to support Metaplanet's Bitcoin accumulation strategy. The company's stock price has surged over 300% in 2025, driven by its Bitcoin strategy and high trading volumes on the Tokyo Stock Exchange. However, QCP Capital, in its latest report, cautions that price action failing to respond to positive headlines represents "textbook late-cycle behavior."
As of now, Bitcoin is trading at a price of $115,869, down 2% in the last 24 hours, according to CoinGecko. Metaplanet's most recent purchase was 780 BTC on July 28, worth over $1.97 billion at the current price.
In conclusion, Metaplanet's ambitious plan, pending shareholder approval, could reshape the landscape of corporate Bitcoin treasury management. By linking large-scale Bitcoin accumulation with business expansion financed through crypto-backed instruments, Metaplanet is demonstrating long-term conviction in the potential of Bitcoin as a strategic tool for growth.
- Metaplanet aims toIssue perpetual preferred shares worth $3.7 billion through a stock offering, aiming to further expand its Bitcoin holdings.
- Metaplanet's goal is to become the world's largest corporate Bitcoin holder, surpassing MicroStrategy, with an anticipated 210,000 BTC by the end of 2027.
- Metaplanet has already accumulated a substantial amount of Bitcoin, with current holdings of 17,132 BTC, following a significant growth since late 2024.
- Metaplanet's strategy of utilizing Bitcoin as collateral for acquisitions, rather than selling it, aligns with a growing trend among corporations to leverage Bitcoin as a tool for business expansion in the technology and finance sectors.
