Metaplanet plans to raise $881 million to accumulate more Bitcoin in October and September.

August 27th: The publicly traded Japanese company Metaplanet announced that it intends to raise funds through an international stock offering. The expected net proceeds from the international offering are approximately 130.334 billion Japanese yen (about 881 million USD), which are intended for: · Purchasing Bitcoin: 123.818 billion Japanese yen (837 million USD) · Bitcoin financial operations: 6.516 billion Japanese yen (44 million USD) Metaplanet stated that due to Japan's current severe economic situation, including high national debt, long-term real negative interest rates, and the continuous depreciation of the yen. As disclosed in the May 13, 2024 publication "Metaplanet's Strategic Financial Transformation and Bitcoin Adoption", the company has adjusted its financial management policy by strategically positioning Bitcoin (BTC) as its primary reserve asset. This decision aims to hedge against the asset risks caused by yen depreciation and leverage Bitcoin's long-term appreciation potential. Through the raised funds, the company plans to increase its Bitcoin holdings in the future and believes that this approach can protect its finances from yen depreciation, mitigate inflation risks, and achieve sustained growth in enterprise value. To further promote this policy, the company intends to use the 123.818 billion Japanese yen raised from the international offering to purchase Bitcoin between September and October 2025. As of August 25, 2025, the company holds 18,991 BTC, valued at approximately 314.6 billion Japanese yen. Since holding Bitcoin does not generate interest or returns on its own, as part of Bitcoin financial operations, the company generates revenue by selling put options. As disclosed in the August 13, 2025 publication "FY2025 Q2 Interim Financial Report (Japanese GAAP, Consolidated)", the company recorded sales revenue of 1.904 billion Japanese yen in the second quarter of fiscal year 2025 from this business. The company aims to achieve annual operating profits by accumulating profits throughout the year. Therefore, the company plans to allocate the 6.516 billion Japanese yen raised from the international offering to increase the margin for put option sales in this business from September to December 2025.