Metaplanet Targets 210,000 BTC by 2027 in Aggressive Treasury Expansion

• Metaplanet filed a shelf registration to raise ¥555 billion ($3.6 billion) via perpetual preferred stock to acquire 210,000 BTC by 2027.

• The company will hold an Extraordinary General Meeting on September 1 to vote on amendments enabling Class A and B preferred shares.

• With 17,132 BTC already held, Metaplanet aims to become the second-largest corporate Bitcoin holder globally.

The Japanese firm leading the Bitcoin treasury game in Asia, Metaplanet, recently filed a shelf registration to raise billions of dollars in a new venture to acquire more $BTC. Today, the firm announced that it plans to raise up to ¥555 billion (approximately $3.6 billion USD) through the issuance of perpetual preferred stock. The company plans to use the raised capital to acquire up to 210,000 BTC by 2027.

The filing published on August 1st also outlines the company’s intention to hold an “Extraordinary General Meeting of Shareholders” on September 1, 2025. In the meeting, Metaplanet’s board of directors is planning to propose new amendments to allow the issuance of Class A and Class B  Perpetual Preferred Shares.

This move would solidify Metaplanet as one of the most aggressive Bitcoin hoarders among publicly traded companies, outside of MicroStrategy. If successful, the acquisition of 210,000 BTC would place Metaplanet among the largest corporate holders of Bitcoin in the world. 

As of today, the Japanese firm holds around 17,123 BTC, worth nearly $2 billion. Acquiring 210,000 BTC over the course of the next two years would represent a seismic expansion of Metaplanet’s crypto treasury. It would not only mean a 1,125% increase in Bitcoin holdings, but also position the firm as the second-largest BTC treasury, behind only MicroStrategy.