Metaplanet Raises $884M to Expand Asia’s Largest Corporate Bitcoin Treasury

Metaplanet has secured shareholder approval to raise $884 million to expand its 20,000 BTC holdings, aiming for 30,000 BTC by year-end and a long-term target of 210,000 BTC by 2027.

Published by Ecem EFE

2 September 2025, 16:46 published Updated 2 September 2025, 16:46

Metaplanet’s $2.1B Bitcoin Holdings Grow as Equity Funding Secured

Metaplanet has received shareholder approval to raise approximately $884 million through an international share offering. CEO Simon Gerovich confirmed that the company can now issue up to 550 million new shares, with the bulk of proceeds earmarked for Bitcoin purchases. This move comes as Metaplanet aims to expand what is already Asia’s largest corporate Bitcoin holding.

Funding Amid Market Challenges

The company’s strategy relies heavily on selling shares to finance Bitcoin accumulation—a model that performed well when Metaplanet’s stock was climbing. However, after a 54% drop in share price since mid-June, raising additional funds became more challenging. Securing shareholder backing was crucial to expand the pool of available shares and keep the Bitcoin-first plan on track.

Metaplanet cites broader macroeconomic pressures in Japan as part of its rationale. A weak yen, prolonged negative interest rates, and high national debt have pushed corporates to seek alternatives, and for Metaplanet, Bitcoin serves as a reserve asset offering long-term value beyond traditional holdings.

Expanding the Bitcoin Stack

Despite funding challenges, Metaplanet continues to grow its Bitcoin stash. Its latest acquisition added 1,009 BTC for about $112 million, bringing total holdings to 20,000 BTC, valued at roughly $2.1 billion. This milestone makes the Tokyo-based company Asia’s largest corporate Bitcoin holder and positions it among the top six globally.

Ambitious Long-Term Targets

Metaplanet’s immediate goal is to reach 30,000 BTC by year-end, while its longer-term ambitions are even more ambitious: 100,000 BTC by 2026 and 210,000 BTC by 2027, representing roughly 1% of all Bitcoin that will ever exist. CEO Gerovich has emphasized using these holdings as collateral for business purposes, signaling a multi-phase strategy to leverage Bitcoin like securities or government bonds for attractive financing.

Unlike peers such as Strategy, which use debt to fund Bitcoin purchases, Metaplanet’s approach relies on equity issuance and bond redemption, showcasing a consistent, debt-free accumulation model.