Metaplanet Targets $1.4B in International Offering, Shares Spike 16%

Metaplanet to Raise $1.4B in Global Share Sale, Stock Surges 16%
10/9/2025

Metaplanet (3350), Japan’s largest bitcoin treasury firm, is set to raise 204.1 billion yen ($1.4 billion) through an international share offering to boost its bitcoin holdings.

The Tokyo-based company, which already owns 20,136 BTC—ranking sixth among publicly traded firms globally—priced 385 million new shares at 553 yen each. Its stock jumped 16% to 714 yen on record trading volume Wednesday.

Nakamoto Holdings (NAKA), a bitcoin treasury firm founded by crypto adviser David Bailey, committed $30 million to the offering. NAKA shares rose 77% on Tuesday following the announcement.

Metaplanet plans to allocate 183.7 billion yen for bitcoin purchases in September and October, with the remaining 20.4 billion yen directed to its bitcoin income generation business.

After the offering, first announced in August, Metaplanet’s total shares outstanding will exceed 1.14 billion.