Bitcoin News Today: Metaplanet Seeks $3.6 Billion to Buy 210,000 BTC by 2027

Metaplanet Inc. has announced plans to raise up to $3.7 billion through the issuance of perpetual preferred shares to expand its Bitcoin holdings. The company aims to acquire 210,000 BTC by 2027, a significant increase from its current holdings of approximately 17,132 BTC. The fundraising will be conducted via a ¥555 billion ($3.6 billion) shelf registration, with the window open from August 9, 2025, to August 8, 2027. Shareholder approval is required at an Extraordinary General Meeting scheduled for September 1, 2025 [2].

The capital will be used to accelerate the company’s Bitcoin acquisition strategy, which has already resulted in a quadrupling of its holdings in just four months. Recent large purchases include 780 BTC for $92.93 million and 2,205 BTC for $238.7 million. CEO Simon Gerovich has emphasized transparency, offering proof-of-reserves to reassure investors, a move that has differentiated the company from other corporate Bitcoin accumulators [2].

To support the fundraising, Metaplanet has proposed amending its authorized share structure to accommodate 2.72 billion shares and introduced a two-tier preferred share system. Class A shares offer fixed-income features with dividend yields up to 6% and liquidation priority, while Class B shares come with conversion rights into common stock. Neither class carries voting rights, and the company has stated that no specific issuance plans are in place pending regulatory and shareholder approvals [2].

The announcement led to a stock price decline of over 7% shortly after the news broke, as investors reacted cautiously to the implications of the proposed funding strategy. However, some analysts remain optimistic about the long-term implications, noting the potential for increased institutional demand and broader adoption of Bitcoin-focused financing models. The move also highlights a shift in corporate strategy toward Bitcoin as a core asset, with Metaplanet positioning itself as a leading Bitcoin-focused asset manager in the Asian market [2].

Similar strategies have been employed by companies like MicroStrategy, though each instance has produced varied stock market responses. The issuance of perpetual preferred shares represents a novel approach in the region and may influence future corporate financing trends. While the company’s strategy is expected to boost Bitcoin demand, it also raises concerns about regulatory scrutiny and the sustainability of corporate treasury strategies in the long term [2].

Metaplanet’s stock has surged in recent months, with trading volume nearly doubling in June 2025 compared to May. The company’s shares have gained over 345% year-to-date, driven by investor interest in Bitcoin exposure amid a weak Japanese bond market. However, analysts have warned that if the stock price nears Bitcoin’s net asset value, further share issuance could dilute shareholder value [2].

If approved, the fundraising could position Metaplanet among the largest corporate Bitcoin holders, though it would still lag behind MicroStrategy, which holds nearly 597,325 BTC. The outcome of the shareholder vote and regulatory approvals will determine the success of the initiative and its impact on Bitcoin’s market dynamics.

Source:

[1] AInvest - [https://www.ainvest.com/news/bitcoin-news-today-metaplanet-seeks-3-7b-yen-expand-bitcoin-holdings-preferred-shares-2508/](https://www.ainvest.com/news/bitcoin-news-today-metaplanet-seeks-3-7b-yen-expand-bitcoin-holdings-preferred-shares-2508/)

[2] Cryptonews - [https://www.ainvest.com/news/bitcoin-news-today-metaplanet-buy-210-000-btc-2027-3-7b-preferred-share-offering-2508/](https://www.ainvest.com/news/bitcoin-news-today-metaplanet-buy-210-000-btc-2027-3-7b-preferred-share-offering-2508/)

[3] Cryptorank - [https://cryptorank.io/news/feed/e4319-metaplanet-files-to-raise-3-6b-via-preferred-stock-to-fund-bitcoin](https://cryptorank.io/news/feed/e4319-metaplanet-files-to-raise-3-6b-via-preferred-stock-to-fund-bitcoin)