Metaplanet May Raise $1.2B Through Share Issuance to Buy Bitcoin and Expand Covered Call Income Strategy

• Raise size and purpose: ¥180.3B (~$1.2B) to buy Bitcoin and expand income strategies.

• Issuance details: up to 555 million new shares, overseas placement to institutional investors.

• Reserves and targets: adds to 18,991 BTC on the balance sheet; long-term target >210,000 BTC by 2027.

Metaplanet share issuance: ¥180.3B ($1.2B) to buy Bitcoin and grow a BTC income business; read allocation details and FTSE Japan inclusion.

Metaplanet share issuance approved an overseas offering to raise ¥180.3 billion (about $1.2 billion), with the majority earmarked for additional Bitcoin purchases and expansion of its Bitcoin Income Business.

Japanese investment company Metaplanet will issue up to 555 million new shares, potentially increasing outstanding stock from 722 million to roughly 1.27 billion shares. The issue price is scheduled for determination Sept. 9–11, with settlement following soon after.

Metaplanet disclosed that approximately $835 million of the proceeds will be allocated to direct Bitcoin purchases. The company currently holds 18,991 BTC in treasury (valued at around $2.1 billion). A further $440 million is planned for the firm’s Bitcoin Income Business, which sells covered call options against BTC holdings to generate recurring revenue.

Company filings and public statements describe the strategy as a hedge against Japan’s weak yen, a mitigation of inflation risk, and a path to enhance corporate value through long-term BTC accumulation.

Metaplanet CEO announces new share offering. Source: Simon Gerovich

What is Metaplanet’s share issuance?

Metaplanet share issuance is an overseas placement to raise ¥180.3 billion (~$1.2B) by issuing up to 555 million new shares. Funds will primarily buy additional Bitcoin and expand the company’s Bitcoin Income Business to increase treasury returns.

How will Metaplanet allocate the proceeds?

Metaplanet plans clear allocations: about $835 million for direct Bitcoin purchases and approximately $440 million to grow option-based income generation on BTC holdings. The offering targets institutional investors and is not registered under the U.S. Securities Act of 1933.

Why is Metaplanet focusing on Bitcoin?

Management cites currency risk and inflation as drivers: holding Bitcoin is framed as a hedge against a weak yen and inflation. The company’s public filing and CEO Simon Gerovich’s announcement emphasize a long-term accumulation strategy, including targets stated in prior plans such as the “21 Million Plan” and the “555 Million Plan.”

What are the company’s long-term BTC targets?

Metaplanet has set a target to hold more than 210,000 BTC by 2027, representing over 1% of Bitcoin’s total supply. This target is part of a multi-year accumulation strategy publicized in earlier company statements and filings.

Frequently Asked Questions

How many new shares will Metaplanet issue and when will pricing occur?

The company authorized up to 555 million new shares. Issue pricing is scheduled for Sept. 9–11, with settlement to follow shortly after those dates.

Is the offering available to U.S. investors?

No. The filing states the overseas placement is not registered under the U.S. Securities Act of 1933 and will not be publicly offered in the United States.

Key Takeaways

• Size: ¥180.3B (~$1.2B) raised via up to 555M new shares.
• Primary use: ~$835M for Bitcoin purchases; $440M to scale BTC income strategies.
• Strategic goal: Long-term accumulation with a target of >210,000 BTC by 2027.

Conclusion

The Metaplanet share issuance signals a continued, deliberate strategy to expand Bitcoin holdings and monetize treasury BTC via covered-call programs. The move aligns with the company’s publicly stated targets and follows upgrades in index status, positioning Metaplanet as a growing corporate BTC accumulator. Monitor official filings and company statements for final pricing and settlement updates.