Metaplanet to Raise $745M for Massive Bitcoin Purchase

Japanese public company Metaplanet, often dubbed the “MicroStrategy of Japan,” is preparing to make one of the largest Bitcoin purchases in Asian market history. The firm plans to issue 21 million new share subscription rights at a 0% discount rate, aiming to raise 116 billion JPY (approximately $745 million) to expand its Bitcoin holdings.

The news was widely shared by Chinese crypto journalist Colin Wu, highlighting Metaplanet’s commitment to following MicroStrategy’s Bitcoin accumulation strategy. This move marks a significant milestone in institutional Bitcoin adoption across Asia.

Metaplanet has been steadily increasing its BTC reserves. In December 2024, the company issued its fourth series of ordinary bonds, raising 4.5 billion JPY ($30 million) to purchase more Bitcoin.

Meanwhile, MicroStrategy, led by Michael Saylor, continues its aggressive Bitcoin accumulation. The company recently acquired $1.1 billion worth of BTC, marking its 12th consecutive weekly purchase. Just a week prior, it made a similar $1.1 billion BTC purchase, bringing its total holdings to 471,107 BTC, valued at $47 billion.

Additionally, MicroStrategy announced plans to redeem over $1 billion in convertible notes due in 2027, repaying a portion of its Bitcoin-backed debt earlier than scheduled.

Metaplanet’s latest move underscores the growing trend of public companies embracing Bitcoin as a strategic reserve asset. As institutional interest surges, BTC’s role in corporate treasury strategies continues to strengthen.