Bitcoin News Today: Metaplanet to Raise $3.7 Billion in Preferred Shares for Bitcoin Expansion

Metaplanet Inc. has announced a $3.7 billion stock offering to accelerate its Bitcoin acquisition strategy, aiming to hold 210,000 BTC—approximately 1% of the global supply—by 2027. The company is issuing perpetual preferred shares in two classes to raise the capital, with Class A shares offering priority in dividend payments and Class B shares offering conversion options under specific conditions [1]. This move marks the next phase of Metaplanet’s transformation from a hotel operator to a Bitcoin-focused treasury firm.

The offering is part of a broader initiative to expand Metaplanet’s authorized share count and strengthen its financial flexibility for future fundraising [2]. As of mid-July 2025, the company holds 17,132 BTC, according to BitcoinTreasuries, placing it seventh among corporate holders. At current prices, this equates to roughly $1.95 billion in Bitcoin assets, surpassing firms like Tesla and Galaxy Digital but falling short of MicroStrategy, which holds more than 597,000 BTC [3].

The company’s aggressive Bitcoin strategy has already led to significant growth in its market valuation. Its shares have surged over 345% year to date, driven by rising demand for Bitcoin exposure in Japan, where traditional bond markets have struggled [4]. However, the announcement was followed by a more than 7% drop in the stock price, as some analysts warned that issuing new shares near net asset value could dilute shareholder equity [5].

An Extraordinary General Meeting will be held to seek shareholder approval for the preferred share issue. While the company has outlined its intentions, it has not yet initiated a concrete issuance program, and regulatory approval remains a key uncertainty [6]. CEO Simon Gerovich has emphasized the company’s commitment to becoming a global leader in corporate Bitcoin holdings, a goal that has drawn close attention from both retail and institutional investors.

The company’s Bitcoin yield, a metric measuring the percentage change in Bitcoin holdings relative to fully diluted shares, reached 430.2% as of mid-July 2025 [7]. This reflects Metaplanet’s success in scaling its Bitcoin treasury rapidly, aligning with its long-term vision of positioning Bitcoin as a hedge against economic volatility. The firm’s strategy is increasingly in line with global trends, as more corporations seek to diversify their treasuries into digital assets.

Metaplanet’s approach mirrors similar moves by companies like MicroStrategy, which is also raising capital to expand its Bitcoin reserves. Both firms are betting on Bitcoin’s long-term appreciation and its potential to reinforce corporate balance sheets [8]. As the market continues to evolve, Metaplanet’s success will depend on shareholder support and regulatory clarity, with the outcome likely to influence broader corporate adoption of Bitcoin in Asia and beyond.

Source:

[1] Metaplanet to Raise Another $3.7 Billion for Further Bitcoin Purchases (https://cryptopotato.com/metaplanet-to-raise-another-3-7-billion-for-further-bitcoin-purchases/)

[2] Metaplanet Files $3.7B Shelf Registration to Fund More Bitcoin Buys (https://news.bitcoin.com/metaplanet-files-3-7b-shelf-registration-to-fund-more-bitcoin-buys/)

[3] Metaplanet Inc., a publicly traded company listed on the Tokyo Stock Exchange, has announced plans to raise up to ¥555 billion ($3.7 billion) through the issuance of perpetual preferred shares to fund an aggressive Bitcoin acquisition strategy. The firm, which previously transitioned from a hotel business to a Bitcoin treasury model, aims to accumulate 210,000 BTC by 2027—more than 12 times its current holdings (https://www.livebitcoinnews.com/metaplanet-plans-3-7-billion-stock-offering-to-expand-bitcoin-holdings/)

[8] MicroStrategy and Metaplanet Aggressively Expand Bitcoin Holdings (https://www.ainvest.com/news/bitcoin-news-today-microstrategy-metaplanet-aggressively-expand-bitcoin-holdings-major-fundraising-2508/)