Metaplanet wants to raise 3.7 billion dollars to buy Bitcoin

The Japanese firm Metaplanet is stepping up. It plans to issue up to 3.7 billion dollars of shares to finance a massive BTC accumulation strategy. A bold approach, directly inspired by the Strategy model (ex-MicroStrategy), which establishes bitcoin as a central pillar of its financial doctrine.

New Metaplanet plan, 3.7 billion $ for Bitcoin

Metaplanet formalized on Friday its project to raise up to 555 billion yen, about 3.7 billion dollars, through a perpetual preferred share issuance. 

This operation can be scheduled between August 9, 2025, and August 8, 2027, depending on market conditions, giving the company the necessary flexibility to adjust its raises according to the situation. 

The goal is clear: significantly strengthen its bitcoin reserves to reach 210,000 BTC by the deadline.

This plan marks a clear strategic turning point. Last June, Metaplanet was already aiming at 100,000 bitcoins by the end of 2026 — a goal already considered ambitious. A few weeks later, the company raised this target dramatically. 

To date, the company holds 17,132 BTC, of which the last 780 were acquired on July 28. So it still needs to accumulate nearly 193,000 units to reach its target.

To finance this project, Metaplanet plans to issue two types of distinct preferred shares, named series A and series B, with an issuance cap of 277.5 billion yen for each.

These securities will offer a priority dividend of up to 6%, an attractive yield in an environment still marked by relatively low rates.

The scale of the operation is striking: the total amount of the raise represents nearly 75% of Metaplanet’s current market capitalization (about 729.45 billion yen). Few listed companies have attempted such a radical repositioning of their financial model.

A bet on the monetary future amid traditional instability

This offensive strategy reflects a conviction increasingly shared in the upper echelons of corporate finance. Bitcoin is now imposed as a store of value more robust than traditional assets.

The choice to finance this accumulation through preferred shares with dividends follows the proven mechanism by Strategy. The American firm also recorded 10 billion dollars in profits in the second quarter of 2025 thanks to the rise of BTC.

Metaplanet is nevertheless tempering its project. It specifies that “no specific plan for the issuance of preferred shares is currently underway” and that it is uncertain whether it will be implemented.

The trend, however, is accelerating: more than 61 listed companies currently hold 3.2% of all bitcoins in circulation on their own. The strategic accumulation of BTC is no longer an exception; it is progressively becoming a pillar of treasury policies of large companies.

Metaplanet’s initiative fits fully into this global dynamic. By massively issuing shares to strengthen its bitcoin reserves, the Japanese company is not following a simple trend: it is deeply rethinking its financial strategy around the rarest and most liquid asset of the 21st century.