Metaplanet, the largest bitcoin treasury company in Japan, is gearing up for a significant international share sale with the aim of raising a net 204.1 billion yen (approximately $1.4 billion). The Tokyo-based firm, which boasts an impressive holding of 20,136 BTC and ranks sixth globally among publicly traded companies in terms of bitcoin reserves, has priced 385 million new shares at 553 yen each. Following the announcement, Metaplanet’s stock experienced a remarkable surge of 16%, reaching 714 yen amidst record trading volumes.
In a related development, Nakamoto Holdings, a bitcoin treasury company established by David Bailey—who has previously served as a crypto adviser to President Donald Trump—announced its commitment to purchase $30 million worth of the newly issued shares. This news positively impacted Nakamoto’s stock, which soared by 77% on Tuesday.
Metaplanet outlined plans for the proceeds from the share sale, allocating 183.7 billion yen specifically for bitcoin acquisitions in the upcoming months of September and October. An additional 20.4 billion yen is earmarked for the company’s bitcoin income generation initiatives. Upon the completion of this share sale, which was initially announced in August, the total number of outstanding shares for Metaplanet will surpass 1.14 billion, marking a substantial increase in its market presence.
