Metaplanet (ticker MTPLF), a Japan-based bitcoin treasury company, has announced an international stock offering to raise approximately $1.4 billion in support of its ongoing bitcoin stacking strategy.
According to a September 3 announcement, Metaplanet’s board of directors approved the issuance of 385 million new shares in late August. The shares will be offered to international investors at JPY 553 ($3.75) each. Initially, the company had planned to issue only 180 million shares but later doubled the size of the offering to meet market demand.
Metaplanet stated that the estimated net proceeds of JPY 204,123 million (around $1.4 billion) from the offering will primarily be used to purchase additional bitcoin.
As of September 1, the company had accumulated more than 20,000 BTC since beginning its purchases in 2024. In addition, Metaplanet generates revenue from trading bitcoin options, reporting sales revenue of JPY 1,904 million in Q2 2025. On September 2 alone, the company invested another $15 million into bitcoin, bringing its total holdings to 20,136 BTC. With this amount, Metaplanet now ranks as the sixth-largest publicly traded bitcoin treasury company, behind Strategy, Mara, XXI, Bitcoin Standard Treasury Company, and Bullish.
“In light of Japan’s challenging economic conditions—marked by high national debt, prolonged real negative interest rates, and the ongoing depreciation of the yen—the company disclosed in its ‘Strategic Treasury Transformation and Bitcoin Adoption by Metaplanet’ on May 13, 2024, that it had transitioned its treasury management policy to strategically adopt bitcoin as its primary reserve asset,” Metaplanet wrote in a statement.
MTPLF shares closed down 2.8% at $4.49 in the latest session, giving the company a market capitalization of $3.6 billion.
