Metaplanet Plans $137M Capital Raise to Expand Bitcoin Holdings

Japan-based Bitcoin treasury firm Metaplanet plans to raise nearly $137 million by selling new shares and warrants.

The company says it will use the money to buy more Bitcoin (BTC), making it one of the most aggressive corporate Bitcoin holders in Asia.

Board Approves Metaplanet’s New Stock and Warrant Issuance

On January 29, Metaplanet’s board approved a new capital raise. It includes a public stock offering and the company’s 25th series of stock acquisition rights.

The firm plans to issue over 24 million common shares priced at 499 Japanese yen per share, alongside nearly 16 million ordinary shares. Together, these offerings are expected to generate about 21 billion yen, equivalent to about $137 million.

Metaplanet intends to direct most of the proceeds toward purchasing additional Bitcoin. The company set up the financing to benefit from changes in its stock price while raising money quickly.

The latest fundraising effort supports Metaplanet’s broader strategy to reach a Bitcoin holding target of 100,000 BTC by the end of 2026. The firm now holds a little over 35,000 BTC, worth more than $3 billion at current prices. 

In earlier rounds, Metaplanet raised money through its Mercury Class B perpetual share offering. The company used those funds to buy Bitcoin, manage debt, and support income generating businesses. This consistent approach highlights its commitment to Bitcoin as a core treasury asset.

Metaplanet Shares Slip 4% Amid Market Volatility and Bitcoin Loss

Metaplanet’s shares, listed under the 3350 on the Tokyo Stock Exchange, closed 4% lower at 456 yen. During the trading session, the stock moved between 456 yen and 477 yen. Trading volume remained below the long-term average of roughly 27 million shares.

Despite recent weakness, the stock remains up 14% year to date. However, it has fallen more than 10% over the past few days, reflecting investor caution amid market volatility and company-specific risks.

Metaplanet has also reported an impairment loss of $679 million dollars due to Bitcoin price swings. This loss highlights the risks tied to holding large digital asset positions during periods of market instability. 

Even so, the company continues to pursue its long-term Bitcoin strategy, signaling confidence in the asset despite short-term volatility.

Bitcoin Falls as Traders React to Market Uncertainty and Fed Decision

Following Metaplanet’s update, Bitcoin price declined more than 2% over the past 24 hours, trading around $87,776, according to CoinMarketCap data.

Prices ranged between roughly $87,600 and just over $90,400 during the period. Trading volume went up by 13% as traders reacted to wider market uncertainty after the Federal Reserve kept interest rates the same.

Bitcoin futures activity slowed down. Total open interest across major exchanges fell by about 2.4% to $59 billion. It dropped sharply on the Chicago Mercantile Exchange and slightly on Binance, showing traders are using less leverage.