Metaplanet to Raise $1.4B in Share Sale, Stock Rockets 16%
10/9/2025
Metaplanet (3350), Japan’s largest bitcoin treasury company, is set to raise 204.1 billion yen ($1.4 billion) through an international share offering to expand its bitcoin holdings.
The Tokyo-based company currently owns 20,136 BTC, ranking sixth among publicly traded firms worldwide. It priced 385 million new shares at 553 yen each, sending its stock up 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, committed $30 million to purchase the new shares. NAKA shares surged 77% on Tuesday following the announcement.
Metaplanet plans to use 183.7 billion yen of the raised funds for bitcoin purchases in September and October, with the remaining 20.4 billion yen allocated to its bitcoin income generation business.
Upon completion of the offering, first announced in August, Metaplanet’s total outstanding shares will exceed 1.14 billion.

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