Metaplanet to Raise $1.4B in International Share Sale, Stock Surges 16%
10/9/2025

Metaplanet (3350), Japan’s largest bitcoin treasury company, plans to raise approximately 204.1 billion yen ($1.4 billion) through an international share offering to expand its holdings of the world’s largest cryptocurrency.

The Tokyo-based firm currently holds 20,136 BTC, ranking sixth among publicly traded companies globally. It set the price for 385 million new shares at 553 yen each. Following the announcement, Metaplanet’s stock jumped 16% to 714 yen on record trading volume Wednesday.

Nakamoto Holdings (NAKA), a bitcoin treasury firm founded by David Bailey, a crypto adviser to former U.S. President Donald Trump, said it would purchase $30 million of the new shares. NAKA shares rose 77% on Tuesday after the announcement.

Metaplanet intends to allocate 183.7 billion yen of the proceeds to bitcoin purchases in September and October, while the remaining 20.4 billion yen will support its bitcoin income generation business.

Once the offering, first announced in August, is completed, Metaplanet’s total outstanding shares will increase to over 1.14 billion.