Japanese company Metaplanet announced an ambitious plan to raise 555 billion yen through the issuance of two types of shares directly linked to Bitcoin, in a move aimed at achieving its goal of owning 210,000 Bitcoins by 2027.
The plan includes issuing preferred shares of two classes:
Class "A": perpetual and non-convertible.
Class "B": convertible.
These shares can be issued at any time during the next two years until August 2027, with a total value of 277.5 billion yen for each class.
The most prominent feature of this plan is that it relies on issuing shares directly backed by Bitcoin, which the company described as a way to enhance capital flexibility and expand financing tools, while protecting the value of common shares and granting priority to shareholders during distributions in case of liquidation.
This strategy represents a clear shift from Metaplanet's previous approach, which was based on issuing common shares to purchase Bitcoin. The company is now awaiting shareholder approval for this offering during the upcoming general assembly.
As the company confirmed in its Q&A document, it is considering expanding financing tools through multiple types of shares to support its expansion plan in the cryptocurrency market.
According to the company's data, Metaplanet currently holds 17,132 Bitcoins, with an average purchase price of approximately $114,964, recording a return of 449.7% since the beginning of 2025.
This move indicates that the company is adopting an innovative investment approach that combines traditional capital market tools with digital currency assets, at a time when Japanese companies' interest in considering Bitcoin as a strategic alternative asset is increasing.