Bitcoin News Today:

Metaplanet, a leading Japanese Bitcoin treasury firm, has secured shareholder approval to issue up to 555 million preferred shares, enabling the company to raise up to ¥555 billion (approximately $3.7 billion) for further Bitcoin acquisitions. The move follows the firm’s recent purchase of 1,009 BTC, bringing its total holdings to 20,000 BTC. The company announced the acquisition on Monday, stating the purchase cost 16.479 billion yen ($112 million), with an average price of $102,607 per Bitcoin. This represents a 6.75% profit relative to Bitcoin’s current price [1].

The firm’s strategy of raising capital through equity and warrants has faced challenges in recent months, as its share price has declined by 54% since mid-June. This decline threatens the company’s fundraising model, as lower stock prices make it less attractive for investors such as Evo Fund to exercise warrants. The firm has temporarily suspended Evo Fund’s warrant exercises between September 3 and September 30 while it explores alternative funding mechanisms [1].

To address liquidity concerns, Metaplanet also announced earlier in the week a plan to raise approximately ¥130.3 billion ($880 million) through a public share offering in overseas markets. The company’s leadership has emphasized that the preferred share issuance is part of a broader strategy to increase Bitcoin holdings significantly, with goals to reach 100,000 BTC by the end of 2026 and 210,000 BTC by 2027 [2].

Metaplanet’s growing Bitcoin treasury has been funded in part by a partnership with investment firm Evo Fund, which has acquired 10 million shares at $5.67 and 1.5 million at nearly $6, totaling about $65.73 million. The firm has used these funds to redeem approximately $20.4 million in previously issued bonds and continue expanding its Bitcoin holdings [1].

Despite the firm’s aggressive expansion, analysts have noted the risks associated with Bitcoin treasury strategies, particularly in a market where falling Bitcoin prices can erode stock premiums and limit funding opportunities. Several companies have already faced difficulties in sustaining their Bitcoin acquisition models as market conditions shift. Metaplanet’s ability to adapt its capital structure to maintain its growth trajectory will be a key indicator of the viability of such strategies in the broader market [1].

Source: [1] Metaplanet Buys 1009 BTC, Reaches 20000 BTC (https://cointelegraph.com/news/metaplanet-20000-btc-treasury-share-price-slump) [2] Metaplanet Holders Approve New Funding Tools to Buy ... (https://www.bloomberg.com/news/articles/2025-09-02/metaplanet-holders-approve-fresh-funding-tools-to-buy-bitcoin-mf1zcapa)