Japan’s Metaplanet Eyes $137M Capital Raise to Boost Bitcoin Portfolio
Tokyo-listed Bitcoin company Metaplanet is planning to raise up to $137 million through a combination of new shares and stock warrants. The move is aimed at expanding the company’s Bitcoin holdings while also reducing debt.
The company reportedly plans to sell 24.5 million shares at 499 yen each, raising about $78 million upfront, and issue 159,440 stock warrants that could bring in an additional $56 million if exercised. The fundraising will be offered privately to overseas investors, giving Metaplanet a flexible way to raise capital while managing stock dilution.
Metaplanet Capital Raise to Support Bitcoin Strategy
On January 29, 2026, Metaplanet, Asia’s largest Bitcoin treasury company, made an official announcement, revealing its fundraising plans. The company plans to raise up to $137 million to expand its BTC holdings and pay down debt. The plan combines the sale of new shares with stock warrants.
According to today’s filing, Metaplanet will issue 24.5 million new shares at 499 yen each. This will help the platform raise roughly 12.24 billion yen, translated to $78 million upfront. It will also offer 159,440 stock warrants, which could convert into up to 15.9 million additional shares, potentially raising another $56 million if fully exercised.
Delyan LeClair, Metaplanet’s Bitcoin strategy director, stated that the fundraising plan was designed to secure capital while minimizing share dilution. He added, “The financing structure enables Metaplanet to capitalize upon the volatility of its common stock to sell shares at a premium to market while raising capital today.”
This move is part of the company’s ultimate goal of bringing its total Bitcoin holdings to 100,000 BTC by the end of 2026. The company currently boasts 35,102 BTC, valued at more than $3.08 billion at today’s market price. Globally, Metaplanet remains the fourth-largest public holder of Bitcoin. It is widely known as Asia’s MicroStrategy, acknowledging its BTC accumulation strategy that mirrors Michael Saylor’s company. MicroStrategy, now known as Strategy, is the largest BTC holder, holding around 712.6K coins.
Notably, the stock warrants allow investors to buy shares later at a set price higher than today’s market value, possibly later this year. The filing stated that both the new shares and warrants will be sold privately to overseas investors, pending standard closing conditions.
How Will the Bitcoin Treasury Company Use the Fund?
Notably, Metaplanet is planning to use the raised funds to buy more Bitcoin, invest in its BTC income business, and partially pay down existing debt. The company noted that reducing debt will help restore borrowing capacity and maintain flexibility for future funding opportunities.
The company also described itself as a “Bitcoin Treasury Company,” highlighting Bitcoin’s scarcity and portability as reasons to hold it as a medium- to long-term store of value.
Bitcoin Price Continues to Slip
Metaplanet’s Bitcoin accumulation strategy continues to strengthen despite the cryptocurrency’s negative trend. Since the 2025 October 11 market crash, BTC has been struggling to maintain its momentum, trading below the significant $100k threshold.
As of press time, Bitcoin is trading at $87,636, down by 2.06%. Over the past week and month, the cryptocurrency has seen notable declines of 2.6% and 1.5%, respectively. Despite this downtrend, traders are actively engaging with the coin, which is clearly visible in the 24-hour trading volume.
