TLDR
- Metaplanet is raising up to ¥21 billion, equivalent to $137 million, through a third-party allotment of new shares and stock acquisition rights.
- The majority of the funds will be allocated to purchasing bitcoin, continuing the company’s bitcoin-first treasury strategy.
- Metaplanet plans to spend ¥14 billion, or $91.2 million, on bitcoin acquisitions between February 2026 and February 2027.
- The company’s Bitcoin Income unit will receive ¥1.56 billion, or $10.1 million, to support its derivatives and options trading business.
- Metaplanet will use approximately ¥5.18 billion, or $33.8 million, for partial debt repayment under its $500 million credit facility.
Metaplanet, a company that pivoted to a Bitcoin-first treasury strategy, is set to raise up to ¥21 billion ($137 million). The funds will support additional bitcoin purchases and reduce debt, in line with its strategy to accumulate bitcoin long-term. The raise involves a third-party allotment of new shares and a 25th Series Stock Acquisition Rights issuance, aiming for an allotment and payment on February 13, 2026.
Metaplanet to Allocate $137M for Bitcoin Purchases
The bulk of the funds will be directed towards Metaplanet’s bitcoin acquisitions, continuing its strategy to increase its holdings. The company plans to spend ¥14 billion ($91.2 million) on bitcoin between February 2026 and February 2027. This will boost the company’s treasury program, which focuses on long-term bitcoin holdings.
Simon Gerovich, CEO of Metaplanet, explained that the raise reinforces their commitment to Bitcoin despite market fluctuations. “We remain focused on acquiring more bitcoin as part of our long-term strategy,” Gerovich said. The company’s actions align with its transition to a bitcoin-heavy balance sheet, which began in April 2024.
Metaplanet aims to use the raised capital to potentially lower its average acquisition cost and increase its Bitcoin per share. At the current bitcoin price, the funds could add roughly 1,500 to 1,600 bitcoins to their holdings. Despite the volatility of bitcoin prices, the company is committed to its long-term vision.
Bitcoin Income Unit Receives $10M Allocation
Another portion of the funds, approximately ¥1.56 billion ($10.1 million), will support Metaplanet’s Bitcoin Income business unit. This unit generates revenue through derivatives and options trading on Bitcoin. The company expects revenue of ¥8.58 billion ($57.8 million) from this line of business over the next year.
Metaplanet has committed to maintaining its dual approach of accumulating bitcoin while also exploring alternative revenue streams. The company has been diversifying its revenue sources to balance the risks associated with bitcoin’s price swings. This move reflects its commitment to both growth and stability.
In the latest announcement, Metaplanet disclosed its plans to allocate a portion of the funds to reducing debt. About ¥5.18 billion ($33.8 million) will be used for debt repayment, easing the burden of its $500 million credit facility. As of late January 2026, Metaplanet had drawn around $280 million from this facility, primarily to fund its bitcoin acquisitions.
Metaplanet’s Bitcoin Holdings and Stock Movement
Metaplanet’s Bitcoin holdings have seen significant growth since it shifted to its bitcoin-first strategy. As of December 2025, the company held 35,102 bitcoins, up from just 1,762 at the start of the year. However, its bitcoin purchases have resulted in a substantial unrealized loss of $695 million, given that bitcoin is trading below its average acquisition price.
Despite the ongoing market volatility, Metaplanet’s shares have performed well in 2026. The company’s stock has risen by nearly 25% since the start of the year. However, the stock has experienced a 56% drop in the past six months, illustrating the risks tied to its heavy bitcoin exposure.
Following the announcement of the latest raise, Metaplanet’s shares dropped by 4% on the Tokyo Stock Exchange. The shares closed at ¥456, while the company’s U.S. OTC market stock declined by 3% to $3.09.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
