"Metaplanet has finalized its international offering, upsized from 180M underwritten to 385M shares. Total raise: JPY 205B (~USD 1.4B). More Bitcoin purchases incoming. The company confirmed that 385 million new shares will be issued at JPY 553 per share, generating a total issue price of JPY 212.9 billion. After deducting fees, the total amount paid in will reach JPY 205.3 billion, of which JPY 204.1 billion will be allocated directly to Bitcoin-related initiatives."
"According to the release, JPY 183.7 billion of the proceeds will be used to purchase Bitcoin between September and October 2025, significantly increasing Metaplanet's holdings. As of September 1, 2025, the company already holds 20,000 Bitcoin, valued at approximately JPY 322 billion. Metaplanet first announced its treasury transformation in May 2024, committing to adopt Bitcoin as its primary reserve asset. The move was designed to hedge against Japan's prolonged negative real interest rates, high national debt, and ongoing yen depreciation."
Metaplanet completed an upsized international share offering, issuing 385 million new shares at JPY 553 per share and raising JPY 205.3 billion net after fees. JPY 183.7 billion of proceeds will be used to purchase Bitcoin between September and October 2025, increasing holdings beyond the 20,000 Bitcoin already held as of September 1, 2025. JPY 204.1 billion is designated for Bitcoin-related initiatives, while JPY 20.4 billion funds a Bitcoin Income Generation Business focused on options trading, which produced JPY 1.9 billion revenue in Q2 FY2025. Capital stock and capital surplus each rose by JPY 102.6 billion.
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