Metaplanet has secured approximately $854 million through a third-party allocation of 107.4 million ordinary shares and 1.07 million stock options, the company announced on March 16, 2026. The funds come from overseas institutional investors under a carefully structured allocation, aimed at accelerating Metaplanet’s Bitcoin treasury strategy.
Metaplanet holds around 35,102 BTC, making it one of the largest corporate Bitcoin holders. The company uses its Bitcoin treasury strategically, focusing on long-term value and building a broader Bitcoin ecosystem in Japan, reflecting the growing trend of corporations adopting digital assets as reserve holdings.
メタプラネットは、グローバルな機関投資家を対象とした第三者割当による資金調達により、約408億円を調達しました。新株発行価額は2%のプレミアム付きで、さらに10%固定プレミアム行使価額のワラント（新株予約権）を組み合わせることで、エクイティ・ボラティリティを収益化し、行使時には、最大で約… pic.twitter.com/uQjmoEQb2X
— Simon Gerovich (@gerovich) March 16, 2026
Strategic capital injection targets BTC accumulation
The company plans to use the capital to increase its BTC holdings, reinforcing its goal of owning 100,000 BTC by the end of 2026 and 210,000 BTC by 2027. Metaplanet’s strategy positions Bitcoin as a core asset, citing its scarcity, borderless transferability, and transparency as key factors in long-term value preservation. The new issuance is expected to boost BTC per share while maintaining a disciplined approach to shareholder value, as the stock options allow staged capital inflows tied to market conditions.
Funds also support debt management and financial stability
Part of the proceeds will be allocated to repay existing borrowings, keeping debt below 10% of the company’s BTC net asset value. Metaplanet emphasizes that this financial strategy balances growth with stability, ensuring liquidity for future Bitcoin purchases and mitigating risks from market volatility.
The current capital raise is part of other efforts such as MS warrant refinancing and selective share offerings, which assisted the company in growing its BTC holdings from 1,762 BTC at the end of 2024 to 35,102 BTC at the end of 2025, a 568% increase in BTC per share.
Metaplanet is also set to use the capital raise to fund its Bitcoin income business. The company’s strategy of using equity and warrants to raise capital is aimed at maximizing the accumulation of Bitcoin while minimizing dilution, providing a long-term growth platform for the crypto space. Despite the expansion into venture investment, Metaplanet emphasized that accumulating Bitcoin remains central to its long-term strategy.
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