Japanese Investment Firm Metaplanet Plans $745.5M Bitcoin Investment
Tokyo-based investment firm Metaplanet has unveiled plans to raise 116 billion Japanese yen (approximately $745.5 million) to expand its bitcoin holdings. The company announced on Tuesday that it intends to issue 21 million shares of 0% discount warrants, which provide holders the right—but not the obligation—to purchase Metaplanet shares at a predetermined price before the warrants expire.
If successful, this transaction would mark the largest capital raise in Asian equity market history for the purpose of acquiring bitcoin, the company stated.
Metaplanet cited the surging value of bitcoin and the continued depreciation of the Japanese yen—currently nearing an exchange rate of 160 yen per U.S. dollar—as key drivers behind its decision. In its latest disclosure, the firm noted that bitcoin reached a new all-time high in January 2025, prompting a sense of urgency to complete the funding and acquire additional bitcoin “as quickly as possible.”
The company’s most recent bitcoin purchase occurred in December 2024, when it acquired 619.7 BTC for 9.5 billion yen ($60.6 million), funded through a bond issuance completed the prior week. As of now, Metaplanet holds approximately 1,761 BTC, making it the 12th largest publicly traded holder of bitcoin.
Looking ahead, Metaplanet has set ambitious goals for its bitcoin holdings: aiming to reach 10,000 BTC by the end of 2025 and 21,000 BTC by the close of 2026.
Since transitioning to a Bitcoin Standard in April 2024, the company has reported exponential growth. “The market has recognized Metaplanet as Tokyo’s preeminent Bitcoin company,” said CEO Simon Gerovich. “We are leveraging this momentum to cement our position as a global leader in the Bitcoin space.”
On Tuesday, Metaplanet’s shares rose 3.1% to close at 4,160 yen, bringing their year-to-date gain to 16.36%, according to Google Finance. Meanwhile, bitcoin’s value increased by 3.49% in the past 24 hours, trading at $102,794, according to The Block’s bitcoin price tracker.
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