BlockBeats news, on August 27, Japanese listed company Metaplanet announced that it intends to raise funds through the international issuance of new shares, with the international issuance expected to net approximately 130.334 billion yen (about 881 million USD), planned for:
· Purchase Bitcoin: 123.818 billion yen (837 million USD)
· Bitcoin financial operation: 6.516 billion yen (44 million USD)
Metaplanet stated that given the current severe economic situation in Japan—characterized by high levels of government debt, a long-term real negative interest rate, and continuous depreciation of the yen—the company disclosed in its (Metaplanet’s Strategic Financial Transformation and Bitcoin Adoption) released on May 13, 2024, that it has adjusted its financial management policy, strategically designating Bitcoin (BTC) as its primary reserve asset. This decision aims to hedge against asset risks brought by the yen's depreciation and to leverage the long-term appreciation potential of Bitcoin. By raising funds, the company plans to increase its Bitcoin holdings in the future, believing that this move will protect its finances from the impact of yen depreciation, eliminate inflation risks, and achieve sustained enhancement of corporate value.
In order to further promote this policy, the company will use 123.818 billion yen raised from international issuance to purchase Bitcoin between September and October 2025. As of August 25, 2025, the company holds 18,991 Bitcoins, with a market value of approximately 314.6 billion yen.
Holding Bitcoin itself does not generate interest or income. Therefore, as part of its Bitcoin financial operations, the company generates revenue by selling put options. According to the (Q2 FY2025 Interim Financial Report (Japanese GAAP, Consolidated)) released on August 13, 2025, the company recorded sales revenue of 1.904 billion yen from this business in Q2 FY2025. The company aims to achieve annual operational profitability by accumulating profits throughout the year. Therefore, the company plans to allocate 6.516 billion yen raised from the international issuance to increase the margin for put option sales in this business during the period from September to December 2025.
