Metaplanet Accelerates Bitcoin Strategy with Dual Financing Push

The Japanese investment firm Metaplanet is significantly accelerating the expansion of its Bitcoin holdings through a coordinated dual-track financing strategy. By simultaneously tapping equity markets and secured debt, the company is positioning itself for substantial near-term cryptocurrency acquisitions, with a key capital influx scheduled for mid-February.

To fund its ambitious digital asset strategy, Metaplanet is employing two financial levers in concert. The primary initiative is a private placement of new shares and stock acquisition rights, which is designed to raise up to $137 million (approximately ¥21 billion). The critical date for this equity raise is February 13, when the allocation and payment for these securities is set to occur. Market participants are closely monitoring this event, weighing the potential for share dilution against the prospect of a rapidly growing Bitcoin treasury.

In a move to secure immediate liquidity ahead of the equity proceeds, the company has already accessed a separate credit facility. On January 30, Metaplanet drew down $75 million from a Bitcoin-collateralized loan. This advance funding is intended to facilitate immediate Bitcoin purchases, allowing the company to act in the market before the larger capital injection from the share placement arrives later in the month.

Allocation of New Capital

The majority of the incoming funds are earmarked for direct Bitcoin accumulation. Management has specified that roughly ¥14 billion from the equity offering will be channeled directly into expanding the company’s cryptocurrency reserves. The remaining capital is allocated for debt servicing and covering operational expenses related to Bitcoin-focused yield-generation strategies, which include activities such as options trading.

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This substantial fundraising aligns with the firm’s reported balance sheet growth. As of the end of 2025, Metaplanet’s disclosed Bitcoin holdings stood at approximately 35,102 BTC, marking a considerable increase from levels seen a year prior.

Market Response and Forward-Looking Triggers

Following the announcements, the company’s share price experienced expected short-term volatility. Such price action is typical during significant equity issuances, as investors balance the increased share supply against the anticipated benefits of a larger Bitcoin portfolio.

The focus now shifts to the period following the February 13 capital deadline. A successful completion of the equity placement will confirm the capital inflow, establishing the foundation for what market observers anticipate will be the next wave of spot-market Bitcoin acquisitions by the firm.

For the longer term, Metaplanet has articulated an ambitious goal: to acquire up to 1% of the total Bitcoin supply by 2027. Achieving this objective would likely necessitate further sustained and sizable capital-raising efforts in the years ahead.