Metaplanet completes $1.4 billion placement to fund Bitcoin treasury and shares jump nearly 16%

Metaplanet has successfully raised approximately $1.4 billion through an international share placement, with plans to allocate a significant portion to Bitcoin. The market responded enthusiastically, sending the company’s stock up nearly 16% as investors welcomed this assertive corporate embrace of Bitcoin as a treasury reserve asset.

Transaction details

The company issued new shares at a discount to market price, making the offering attractive to international investors and enabling a swift capital raise. Most of the proceeds will go toward purchasing Bitcoin directly, while a smaller fraction will support operational activities linked to BTC holdings—such as covered options strategies.

Strategic reasons and financial independence

Metaplanet positions this move as a strategic shift toward decentralized assets, citing negative real interest rates and a weak local currency as key motivations. By converting traditional reserves into Bitcoin, the company aims to hedge against monetary devaluation and align itself with a growing global trend of corporate Bitcoin adoption—particularly in Asia.

Impact on the crypto system and investor risks

Large-scale corporate purchases like this can increase buying pressure on Bitcoin and reinforce its legitimacy as a treasury asset. However, concentration risk arises as company performance becomes more tied to Bitcoin’s price. Shareholders also face dilution from the new issuance, and Bitcoin’s inherent volatility introduces operational and financial risks—especially if falling prices erode market confidence or liquidity.