Overview

• Investors cleared an overseas underwritten share sale of about $884 million and authorized up to 555 million preferred shares that could raise ¥555 billion (~$3.8 billion).
• Metaplanet bought 1,009 BTC to lift its holdings to 20,000 BTC valued at over $2 billion, placing it among the top six public corporate holders, with targets of 100,000 BTC by 2026 and 210,000 by 2027.
• The company suspended exercises of Evo Fund’s stock acquisition rights from Sept. 3 to Sept. 30, a move analysts say helps pave the way for issuing preferred shares after a roughly 54% stock slide since mid‑June.
• Disclosures indicate the preferreds can pay up to about a 6% dividend, with initial issuance capped at 25% of the value of Metaplanet’s Bitcoin holdings.
• Management says proceeds are primarily earmarked for additional BTC purchases, as the firm highlights recent FTSE Japan Index inclusion and reports Q2 profit of ¥11.1 billion with ¥1.9 billion from Bitcoin income generation.