Metaplanet to Raise ¥130.3B ($881M) in International Offering, Earmarks ¥123.8B to Buy Bitcoin and Boost 18,991 BTC Reserves

On August 27, Japanese-listed Metaplanet announced an international stock offering targeting net proceeds of approximately 130.334 billion JPY (~881 million USD), earmarked principally to bolster its Bitcoin reserves (123.818 billion JPY) and support Bitcoin-related financial operations (6.516 billion JPY). The company reiterated its strategy—first disclosed May 13, 2024—to designate Bitcoin (BTC) as a primary reserve asset to hedge against yen devaluation, inflation and persistent negative real rates. Metaplanet plans to deploy the Bitcoin allocation between September and October 2025; as of August 25, 2025 it holds 18,991 BTC, valued at ~314.6 billion JPY. Revenue from selling put options generated 1.904 billion JPY in Q2 FY2025, and the 6.516 billion JPY tranche will increase margins for option sales from September–December 2025.