Metaplanet to Raise $1.4B in International Share Sale, Stock Soars 16%
10/9/2025
Metaplanet (3350), Japan’s largest bitcoin treasury company, plans to raise 204.1 billion yen ($1.4 billion) through an international share offering to expand its bitcoin holdings.
The Tokyo-based firm currently owns 20,136 BTC, ranking sixth among publicly traded companies worldwide. It priced 385 million new shares at 553 yen each, sending its stock up 16% to 714 yen on record trading volume Wednesday.
Nakamoto Holdings (NAKA), a bitcoin treasury firm founded by crypto adviser David Bailey, committed $30 million to purchase the new shares. NAKA shares surged 77% on Tuesday after the announcement.
Metaplanet will allocate 183.7 billion yen of the proceeds to bitcoin purchases in September and October, with the remaining 20.4 billion yen directed to its bitcoin income generation business.
Once the offering, first announced in August, is completed, Metaplanet’s total outstanding shares will exceed 1.14 billion.
