Metaplenet increased its offer of international shares from 180 million to 385 million shares, raising approximately $ 1.4 billion to finance additional purchases of Bitcoin (BTC).
The company announced on September 9 that the supply had increased in 205 million shares in response to a strong demand for investors, staging the shares of 553 yen ($ 3.75) with a discount of 9.93% of the reference price of 614 yen ($ 4.16).
The extended offer will increase the total shares in circulation of Metaplanet from 755.9 million to 1.14 billion shares. President Simon Gervich confirmed the end of social networks.
Metaplanet plans to assign 183.7 billion yen ($ 1.25 billion) for Bitcoin purchases and 20.4 billion yen ($ 138.7 million) for its Bitcoin income generation business between September and December.
The financing supports the Metaplanet plan to acquire 210,000 Bitcoin by 2027, which represents approximately 1% of Bitcoin’s total supply.
Metaplenet currently has 20,136 Bitcoin valued at more than $ 2.24 billion, which makes it the largest corporate head of Bitcoin in Asia and the largest sixth worldwide, overcoming the riot platforms.
The company acquired 1,145 BTC in September for approximately $ 127.2 million.
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Transition to a new business model
Metaplanet adopted Bitcoin as his main treasure reserve asset to protect against these risks while pursuing the appreciation of long -term capital.
The company revealed its transition to the Bitcoin Treasury Management in May 2024 as part of its “strategic treasure transformation and Bitcoin adoption” policy.
The Bitcoin’s income generation business of Metaplenet registered 1,904 million yen (almost $ 13 million) in sales revenue during the second quarter of fiscal year 2025. The result represents the company’s efforts to generate the performance of its Bitcoin holdings beyond simple appreciation.
The stock supply structure includes the purchase rights of subscribers for up to 375 million shares, with 180 million additional shares available through generalation options. The final agreement and delivery are scheduled between September 16 and 17.
The aggressive Bitcoin accumulation strategy of the company positions it between a growing number of corporations that adopt BTC as a treasure asset, following the path established by the strategy and other institutional adopters in the cryptocurrency space.