Metaplanet Plans Major Capital Raise for Bitcoin Purchases

Japanese investment firm Metaplanet has announced plans to raise 116 billion yen (approximately $745.5 million) to increase its Bitcoin investments. The firm plans to issue 21 million stock warrants at no discount, giving investors the right to purchase shares at a fixed price within a specified period.

If successful, this will be the largest capital raise for Bitcoin purchases ever conducted on Asian stock markets, according to Metaplanet.

The company highlighted that January 2025 has been a pivotal month for the market: Bitcoin reached a new all-time high, while the Japanese yen continued to weaken, trading at nearly 160 yen to the dollar. These factors, Metaplanet explained, prompted its decision to accelerate fundraising and BTC acquisition efforts.

In December 2024, Metaplanet purchased 619.7 BTC for 9.5 billion yen (approximately $60.6 million), using funds raised from a bond issuance completed just a week earlier. As of now, the Tokyo Stock Exchange-listed firm holds approximately 1,761 BTC, ranking 12th among public Bitcoin holders.

Earlier this month, Metaplanet unveiled its ambitious plan to grow its Bitcoin reserves to 10,000 BTC by the end of 2025 and to 21,000 BTC by the close of 2026.

CEO Simon Gerovich described the adoption of the Bitcoin standard in April 2024 as a pivotal moment that accelerated the company’s growth. He emphasized that Metaplanet has established itself as a leading Bitcoin player in Tokyo’s financial market and is now focused on securing a top position globally.

Metaplanet’s stock closed at 4,160 yen on Tuesday, marking a 3.1% increase for the day and a 16.36% rise year-to-date, according to Google Finance. Meanwhile, Bitcoin’s price climbed 3.49% over the past 24 hours, reaching $102,794.

The Japanese Cryptocurrency Market

Japan’s cryptocurrency market is thriving, driven by consistent government support and innovation from major companies like Metaplanet. These firms are instrumental in advancing the adoption of Bitcoin and blockchain technology across the country, making Japan a hub of crypto innovation.

With its strict yet stable regulatory environment, Japan provides a secure foundation for institutional investors. However, the market continues to face challenges such as price volatility and high risks. Investments from key players like Metaplanet not only boost interest in cryptocurrencies but also stimulate the development of new financial instruments.