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Metaplanet Finalizes $1.4 Billion Share Sale to Accelerate Bitcoin Treasury

The Tokyo-listed firm is directing nearly all net proceeds into Bitcoin to execute its Bitcoin‑first strategy.

Overview

  • The international offering was upsized to 385 million shares priced at JPY 553, raising about JPY 205 billion (~USD 1.4–1.45 billion) from an initially planned 180 million shares.
  • Metaplanet earmarked JPY 183.7 billion for Bitcoin purchases targeted for September–October and JPY 20.4 billion for its options-based income generation business.
  • Settlement and delivery are scheduled for September 16–17, and total outstanding shares will rise from about 755.9 million to roughly 1.14 billion.
  • The company says the raise could add around 12,590 BTC, taking holdings from 20,136 BTC to approximately 32,726 BTC, which would build on its current sixth-place ranking among public corporate holders.
  • KindlyMD’s Nakamoto committed $30 million to the financing, while Metaplanet’s shares have swung sharply around the news, reflecting dilution concerns and ongoing volatility.