Metaplanet, listed in Tokyo, is back in the news. On January 29, 2026, the company raised ¥21 billion ($137 million) to boost Bitcoin [BTC] acquisitions. At the time of writing, they held 35,102 BTC.
As CEO Simon Gerovich says:
“The capital raised will accelerate our Bitcoin strategy, allowing us to further expand our holdings.”
This move reinforces Metaplanet’s strong commitment to Bitcoin, further expanding its position. While Bitcoin’s volatility is well known, the company remains fully invested. They understand the risks, but show no signs of backing down.
Metaplanet’s $137 million in proceeds fuels Bitcoin growth
Metaplanet increased ¥21 billion to expand its Bitcoin holdings.
The money came from two sources: ¥12.2 billion through stock sales at a 5% premium ($499 per share), and ¥8.8 billion through one-year warrants issued at a 15% premium ($547 per share). This strategy builds on the company’s Bitcoin portfolio, which was already up 568% by 2025.
During the capital increase, 24,529,000 new shares were issued, causing a dilution of 3.54%. Metaplanet believes this will not have a significant impact, but short-term effects on shareholders are possible.
Bitcoin’s price fell below $85,000 at the time of writing. If the decline continues, it could jeopardize their plan, with upcoming steps critical to their future.
‘1% Bitcoin Club’ and more
Metaplanet wanted to join the exclusive “1% Bitcoin Club” by owning a significant amount of Bitcoin, comparable to Satoshi Nakamoto, who owned 1.1 million BTC (5% of the supply), and Michael Saylor, with 712,647 BTC (about 3.4%).. These giants controlled huge parts of the market.
With the ¥21 billion raise, Metaplanet was on track to increase its Bitcoin holdings and potentially gain a say in how the market moved.
Final thoughts
- Metaplanet’s ¥21 billion raise positions the company to increase Bitcoin holdings, but at great risk.
- The impact of the dilution is real, but the company is betting that the benefits of Bitcoin will outweigh immediate shareholder concerns, especially now that the price has fallen.