Japanese conglomerate Metaplanet has announced a strategic fundraising initiative, successfully securing approximately $135 million through the issuance of Class B Preferred Shares. This substantial capital infusion, amounting to ¥21.249 billion, is aimed at bolstering the company”s long-term strategy focused on accumulating and holding Bitcoin (BTC) as a core asset.
The decision to issue these shares was ratified by the board of directors on November 20, 2025, and is set to be presented to shareholders for approval during an Extraordinary General Meeting scheduled for December 22, 2025. The funds raised will be pivotal in reinforcing Metaplanet”s commitment to Bitcoin, which the company positions as a safeguard against monetary debasement, inflation, and the volatility of sovereign debt markets.
With global interest rates on the rise and traditional safe-haven assets diminishing in reliability, Metaplanet views Bitcoin as a resilient alternative for maintaining value in the impending economic landscape. This approach reflects a broader trend among corporations seeking to integrate cryptocurrency into their financial strategies.
Details of the Class B Preferred Shares
The Class B Preferred Shares will be offered at a price of ¥900 per share, resulting in the creation of approximately 23.61 million shares. These shares are expected to generate proceeds on the scheduled issue date of December 29, 2025. While holders of Class B shares will not possess voting rights, they will benefit from several investor-friendly features, including:
- Dividend payments calculated based on a notional ¥1,000 per share reference
- The option to convert Class B shares into common shares under specified pricing conditions
- Cash redemption rights if the shares remain unlisted on the Tokyo Stock Exchange by late December 2026
- Additional redemption provisions in the event of corporate restructuring or delisting
- Provisions for share repurchase under certain conditions to enhance liquidity and stability
In conjunction with this new capital raise, Metaplanet intends to streamline its earlier financial instruments, including the cancellation of the 20th to 22nd series of stock acquisition rights, to be replaced with new series through an allocation to EVO FUND. This refinancing strategy is contingent on compliance with Japan”s Financial Instruments and Exchange Act.
Future Aspirations of Metaplanet
Through this capital initiative, Metaplanet aims to expand its international investor base, facilitate deeper market price discovery over time, and support future Bitcoin acquisitions without resorting to significant equity dilution. The issuance of Class B Preferred Shares is designed not only to enhance the firm”s treasury model but also to position Metaplanet favorably for long-term listings and greater global investor engagement.
As the cryptocurrency landscape evolves, Metaplanet”s aggressive strategy to solidify its Bitcoin holdings illustrates a noteworthy shift in corporate treasury management, emphasizing the growing acceptance of digital assets as a viable component of financial portfolios.
