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Japanese investment firm Metaplanet has approved a massive $1.2 billion overseas share issuance to strengthen its Bitcoin strategy. According to a Wednesday filing, the company will issue up to 555 million new shares, potentially raising its total stock to 1.27 billion. The pricing will be finalized between September 9–11, with settlement shortly after.
Most of the funds — around $837 million — will be directed toward new Bitcoin purchases, adding to Metaplanet’s existing 18,991 BTC reserves, valued at over $2.1 billion. Another $440 million will fuel its “Bitcoin Income Business,” a program generating revenue through covered call options on its BTC holdings. Executives said the move aims to shield against a weak yen, hedge inflation risks, and boost long-term corporate value.
Metaplanet’s bold expansion comes alongside its inclusion in the FTSE Japan Index after strong Q2 results, securing automatic entry into the FTSE All-World Index. The company’s ultimate goal is to hold more than 210,000 BTC by 2027 — over 1% of the global supply.
