Metaplanet Returns! Plans to Raise $150M for BTC Shopping

Tokyo-listed investment firm Metaplanet Inc., dubbed “Asia’s MicroStrategy” for its aggressive Bitcoin treasury strategy, has again made plans to return to the buying scene. The Bitcoin-savvy firm disclosed its plans to raise $150 million through the issuance of Class B perpetual preferred shares in a press release. 

The company aims to use the proceeds primarily to fund additional bitcoin purchases between December 2025 and March 2026. The news has caused the company’s stock to rise by more than 3%, according to Yahoo Finance data.

Metaplanet Changes Fundraising Method

Metaplanet plans to raise the funds through perpetual preferred shares, which do not dilute existing shareholders. The new strategy is different from previous offerings of common shares, which significantly increased the total number of shares. In August 2025, the company issued 4.9 million common shares, raising $837 million to purchase Bitcoin as its treasury grew quickly. 

In September, shareholders approved a dual-class stock system, allowing the company to raise $3.7 billion without diluting voting power. The decision enabled a $1.4 billion international public offering, with most of the funds aimed at acquiring bitcoin in September and October and entering the U.S. market. 

The firm then invested $100 million in early October to buy 5,268 BTC at $116,870 each, achieving a 497.1% year-to-date return on bitcoin through various strategies. Following the acquisition, the company’s BTC stash increased to 30,823 BTC, ranking it fourth on the world’s list of corporate institutional bitcoin investors. 

Metaplanet’s Future Ambitions

Later that same month, the company executed a $500 million share buyback backed by Bitcoin, purchasing up to 13% of its outstanding shares to increase per-share Bitcoin exposure. The firm’s CEO, Simon Gerovich, highlighted bitcoin as a safeguard against economic challenges in Japan, including yen depreciation, high national debt, and low interest rates. 

Metaplanet eyes 100,000 BTC by end-2026 and 210,000 BTC—1% of total supply—by 2027 via its $5.4 billion “555 Million Plan,” fueled by these evolving raises. The November 20 announcement is well-timed with current market volatility, which has driven bitcoin below $93,000, signaling an opportunistic accumulation. 

The strategy aligns with the firm’s “Bitcoin First” approach, launched in April 2024, which has already driven the company’s stock price up by over 1,300% this year. This recent fundraising could secure several thousand more BTC, depending on market conditions.

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