Tokyo-listed tech firm Metaplanet Inc. has unveiled plans to raise up to ¥555 billion (~$3.5 billion) to significantly grow its Bitcoin (BTC) treasury, signaling aggressive commitment to its digital asset strategy.

As of July 31, 2025, Metaplanet holds 17,132 BTC, placing it among Asia’s top corporate Bitcoin holders. The company’s board is now seeking shareholder approval to amend its Articles of Incorporation and establish flexible financing pathways.

Share Expansion and Preferred Classes Proposed

To execute its ambitious treasury plan, Metaplanet’s board approved the following proposals:

• Increase authorized common shares from 1.61 billion to 2.723 billion
• Create two new classes of perpetual preferred shares:
  • Class A: Max 277.5 million shares
  • Class B: Max 277.5 million shares

The shelf registration statement covers offerings of these preferred shares over a two-year period, starting August 9, 2025.

The proposed changes will be presented at an extraordinary general meeting on September 1, 2025.

Strategic Purpose: Bitcoin Accumulation

Metaplanet emphasized that all proceeds raised through any potential issuance would be used solely to acquire additional Bitcoin.

“These amendments are preparatory. No preferred shares have been issued or planned yet,” the company stated.

The filing gives the company flexibility to act swiftly depending on market conditions, crypto prices, and investor sentiment. It also enhances transparency ahead of any future funding round.

Metaplanet reiterated that no final decision to issue preferred shares has been made and further announcements will follow if an offering is confirmed.

Regulatory Review and Market Readiness

Any offering would require discussions with stock exchanges and regulatory bodies to finalize the listing terms and investor protections.

This flexible structure mirrors U.S.-style shelf registrations that allow firms to capitalize on market windows without repeating lengthy approval cycles.

Japan’s Bitcoin Bull?

Metaplanet’s BTC strategy is part of a broader move among Japanese firms to diversify into digital stores of value. With global monetary policies still in flux, the firm’s pivot toward a Bitcoin-focused reserve model represents a growing trend among corporations seeking long-term inflation hedges and digital-native assets.

The ¥555B war chest would position Metaplanet alongside Western corporate giants like MicroStrategy and Coinbase, which have also accumulated large Bitcoin reserves.