Metaplanet Makes a $54 Million Purchase of Bitcoin Assets
Metaplanet Announces Largest Capital Raise in Company History for Bitcoin Purchase
In a significant move, Metaplanet has announced a capital-raising effort of 555 billion yen, approximately $3.6 billion, marking the biggest single announcement in the company's history. This capital will primarily be used to finance the purchase of Bitcoin, as part of Metaplanet's long-term strategy to accumulate the digital currency.
With this latest purchase, Metaplanet has acquired an additional $54 million worth of Bitcoin, bringing its total holdings to $1.96 billion. This places the company as the sixth-largest holder of Bitcoin, just behind Riot Platforms, Bullish, Twenty One Capital, Marathon Digital Holdings, and Strategy.
Metaplanet aims to aggressively acquire 210,000 Bitcoins by the end of 2027, which amounts to about 1% of Bitcoin's total supply. To achieve this, the company plans to raise approximately $3.7 billion through a stock offering, primarily issuing perpetual preference shares. This equity issuance strategy avoids debt, provides flexibility, and intends to use the Bitcoin reserves as collateral for acquiring fintech companies or a licensed digital bank, thereby expanding its financial ecosystem around Bitcoin.
Since late 2024, Metaplanet has been rapidly increasing its Bitcoin holdings. The company, which held under 4,000 BTC in early 2025, now boasts over 17,000 BTC. Metaplanet's strategy is modelled after MicroStrategy's, but the company aims to surpass even MicroStrategy by becoming the largest corporate Bitcoin holder globally.
Key components of the strategy include repeated equity raises, innovative capital-raising mechanisms, partnerships with major institutional investors, and a structured approach to measuring value creation through BTC Yield. The company has leveraged access to U.S. capital markets to fund large-scale Bitcoin purchases and accelerate fintech acquisitions. It has also raised over $1 billion in 2025 alone through mechanisms like Moving Strike Warrants and the 21M Plan.
Metaplanet's CEO, Simon Gerovich, stated that the company aims to have multiple funding tools for future Bitcoin purchases. Each Bitcoin was bought by Metaplanet at an average price of $101,422 per coin. The announcement was made on Monday, but no further information about the reason for the purchase was provided.
This is the first purchase that Metaplanet has announced since July 28. The article does not specify whether this new capital will be used solely for Bitcoin purchases or for other purposes as well. The funds raised from the perpetual preferred shares account for a significant portion of Metaplanet's market cap. The article does not mention any specific plans for the Bitcoin held by Metaplanet or provide details about the timeline or strategy for acquiring the additional 100,000 Bitcoins.
- Metaplanet's strategy to accumulate Bitcoin also involves investing in Ethereum, as shown by their acquisitions of $200 million worth of Ethereum in 2026, further expanding their crypto portfolio.
- Keeping an eye on Metaplanet's moves, the crypto market is abuzz with news about the company's financial maneuvers, given their significant impact on the market cap of major cryptocurrencies like Bitcoin and Ethereum.
- With the latest capital raise, Metaplanet now plans to diversify its investments, looking into other promising digital currencies and fintech startups that could potentially increase their market cap and solidify their position in the finance industry.
