Metaplanet prepares to raise $3.7 billion to expand bitcoin holdings

Metaplanet prepares to raise $3.7 billion to expand bitcoin holdings
Metaplanet bets big on Bitcoin

​Japan-based publicly listed company Metaplanet, known for its aggressive Bitcoin strategy, has announced plans to issue two new classes of preferred shares—Class A and Class B—as part of a broader initiative to expand its cryptocurrency reserves.

The proposed capital raise could generate up to 555 billion yen (approximately $3.7 billion), which Metaplanet intends to allocate toward purchasing Bitcoin (BTC). This move aligns with the company’s long-term goal of strengthening its position as one of the largest corporate holders of the digital asset.

Issuance terms and legal framework

According to the announcement, Class A shares will be senior, perpetual, and non-convertible, offering investors steady dividends but no right to convert into common stock. Meanwhile, Class B shares will also be perpetual but convertible, giving holders the flexibility to switch to common shares in the future. Both classes are included in a registration filing submitted to Japan’s Financial Services Agency (FSA) to ensure the legality of the issuance.

The amendments to Metaplanet’s corporate charter, required to implement the share issuance, are expected to take effect on September 1, 2025. The company noted that the final structure and timeline will depend on prevailing market conditions and investor interest.

Crypto reserves and strategic outlook

At present, Metaplanet holds 0.081% of the total Bitcoin supply, with its current reserves valued at approximately $2 billion. If the company proceeds with the full issuance, analysts believe it could potentially double or even triple its BTC holdings, further solidifying its reputation as one of the leading corporate crypto treasuries.

This initiative underscores Metaplanet’s unwavering commitment to digital assets and its belief in Bitcoin as a long-term store of value. If successful, the company’s expanded BTC strategy could place it alongside global giants like MicroStrategy on the corporate Bitcoin stage.

Read also: Metaplanet may acquire a digital bank in Japan

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