Metaplanet Raises $745M for Bitcoin Bet Amid Yen Decline

Japanese investment firm Metaplanet has announced a significant fundraising effort to bolster its Bitcoin portfolio. The company aims to raise a colossal 116 billion Japanese yen, approximately $745.5 million, by issuing 21 million shares of 0% discount warrants. This strategic move allows investors to acquire shares at a predetermined price while offering flexibility for future investments.

Metaplanet's CEO, Simon Gerovich, highlighted the urgency behind their fundraising efforts, citing the recent all-time high of Bitcoin in January 2025 and the continued decline of the Japanese yen. The firm plans to use the raised funds to purchase Bitcoin, aiming to grow its holdings to 21,000 BTC by 2026. This strategic market positioning underscores Metaplanet's commitment to capitalizing on market growth opportunities amidst currency concerns.

The Japanese yen's decline, with an exchange rate approaching 160 yen per US dollar, serves as a critical backdrop for Metaplanet's decision to raise funds for Bitcoin purchases. The firm believes that investing in Bitcoin is an essential strategy for achieving financial stability amidst currency devaluation. By accumulating a larger share of Bitcoin, Metaplanet positions itself to benefit from the cryptocurrency's potential price appreciation against a weakening currency, thereby mitigating risks associated with local currency depreciation.

Metaplanet's previous acquisition of 619.7 BTC late last year for 9.5 billion yen signifies a strategic build-up in their cryptocurrency assets. With a current holding of approximately 1,761 BTC, the firm aims to escalate its holdings to 10,000 BTC by the year's end and reach a staggering 21,000 BTC by the end of 2026. The company's growing reputation as a leading Bitcoin investment firm reflects its proactive approach to capitalizing on market opportunities amid evolving economic conditions.

Following the announcement, Metaplanet shares experienced a 3.1% increase, closing at 4,160 yen on Tuesday. This rise in stock price illustrates investor confidence in Metaplanet's aggressive expansion strategy in the cryptocurrency market. Moreover, Bitcoin's recent price increase of 3.49%, trading at $102,794, adds a positive outlook to Metaplanet's projected near