Metaplanet Inc. (Tokyo: 3350) has finalized its international offering to facilitate more Bitcoin (BTC) purchases. The company announced on Tuesday that it upsized its international offering from 180 million to 385 million shares, thus raising JPY 205 billion, which is approximately $1.4 billion.
As such the company plans to use JPY 183.7 billion to purchase Bitcoin for its treasury management. The remaining JPY 20.4 billion will be directed to Bitcoin’s income-generating business.
Metaplanet has remained laser-focused on its Bitcoin accumulation bid even after hitting its two-year target. On Monday, Metaplanet announced that it had acquired 136 BTCs, valued at about $15.2 million.
As such, the company now holds 20,136 BTCs, hence achieving a BTC yield of 487 YTD in 2025. With Bitcoin price trading around $111k, Metaplanet’s BTC stash is valued at around $2.2 billion.
Earlier this month, the company’s shareholders approved key resolutions during the company’s EGM. Among the approvals was the increase in the total number of authorized shares and also a new provision for perpetual preferred stocks.
Metaplanet has continued to strengthen its Bitcoin holdings despite the fear of corporate overexposure, which may lead to a capitulation if the models fail.
Bigger Picture
Metaplanet has closely followed in the footsteps of Michael Saylor’s Strategy in Bitcoin accumulation. More companies around the world, amounting to around 319 entities according to BitcoinTreasuries, have increased their net Bitcoin treasuries to 3.71 million Bitcoin, up 1.79% in the last 30 days.
Once Metaplanet finalizes its $1.4 billion Bitcoin purchase, the company will be the fourth largest publicly traded entity holding BTC, possibly with over 30k Bitcoins. Metaplanet is currently ranked in position 6 and will likely surpass Bullish and Bitcoin Standard once it finalizes the planned BTC purchase.