Metaplanet, a company listed on the Tokyo Stock Exchange, has approved a fundraising plan worth about 21 billion yen, or roughly $137 million. The company said the proceeds will be used mainly to add more Bitcoin and reinforce its digital asset strategy.
Third-party allotment includes new shares and subscription rights
According to the company’s announcement, the raise will be carried out through a third-party allotment structure. It will include the issuance of new common shares as well as stock acquisition rights that can be converted into common stock. Metaplanet plans to issue more than 24.5 million new shares.
If all of the subscription rights are exercised, the company’s share count will increase further. The setup points to a financing plan designed not only to secure capital now, but also to preserve room for additional equity-based funding later on.
Bitcoin remains central to the treasury approach
Metaplanet has been described by the market as “Japan’s MicroStrategy” because of its Bitcoin treasury stance. The company said the new capital will support its broader corporate strategy, with additional Bitcoin purchases identified as a major use of funds. Based on the disclosed plan, Bitcoin remains a long-term balance sheet asset rather than a short-term trading position.
The source article also said Metaplanet’s stance comes as the yen faces long-running pressure and global monetary policy remains uncertain. In that setting, the company continues to treat Bitcoin as a store-of-value asset within its capital allocation framework.
104.6 billion yen impairment did not change the plan
Metaplanet had previously disclosed an asset impairment of about 104.6 billion yen tied to its Bitcoin holdings after last year’s crypto market decline. The company said at the time that the loss was an accounting recognition and did not affect cash flow or day-to-day operations.
Even with that impairment on record, Metaplanet is moving ahead with another large capital raise tied to Bitcoin accumulation. That keeps its corporate Bitcoin strategy intact and shows the company has not shifted away from its long-term holding approach.