Metaplanet to Purchase $112M in Bitcoin, eyes $3.8B raise as it shifts from hotels to crypto with Trump backing.
Japanese company Metaplanet has made another bold move into the world of cryptocurrency. On September 1, the company announced the purchase of 1,009 more Bitcoins, worth approximately 16.48 billion yen or $112 million. This recent purchase adds up to its total Bitcoin holdings of 20,000 BTC with an estimated investment value of around 302.3 billion yen ($2 billion).
Shareholders to Vote on $3.8B Bitcoin Fundraising Plan
In essence a hotel company, Metaplanet has reinvented itself as a crypto-based company. Under CEO Simon Gerovich, the company has tilted its entire strategy toward Bitcoin. This marks a significant step forward as Japan’s regulators continue to ease regulations on the use of cryptocurrencies, paving the way for corporate involvement in digital assets.
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Japan’s Financial Services Agency will likely introduce a new framework by the end of 2025 that will make it easier for companies to store and use Bitcoin. This has provided Metaplanet with the confidence to go all-in on the digital currency. The business is obviously placing a bet that Bitcoin will play a big part in the future economy of Japan.
However, Metaplanet is in serious trouble. According to Bloomberg, its stock price is down more than 50% since mid-June. This decline has caused alarm among investors, and has strained the balance sheet of the company. Since then, Metaplanet has proposed a large fundraising plan.
The company hopes to sell shares to international investors for up to $884 million. A shareholder vote is being held today (September 1) in Tokyo. The meeting is where the shareholders will vote to approve the issue of 555 million preferred shares. If approved, this could be as much as $3.8 billion.
This capital would be used to purchase more Bitcoin, increasing Metaplanet’s crypto holdings regardless of the volatility of the current market. The decision comes as Japan’s Nikkei 225 index is down 1.2%, bringing more volatility to the market.
Metaplanet to Buy Bitcoin With $3.8B Raise, Trump Family Involved
The son of US President Donald Trump, Eric Trump, is also attending the shareholder meeting as a newly appointed advisor to Metaplanet. His presence indicates that international attention is being drawn to Japan’s cryptocurrency industry.
Metaplanet’s approach is apparently so promising that a major investor has actually become a shareholder: Donald Trump. The company reportedly is taking inspiration from MicroStrategy, a U.S. company whose CEO, Michael Saylor, is among its founders. MicroStrategy currently owns more than 252,000 BTC and has a stock price increase of more than 760% in the year 2025. Metaplanet will attempt to get similar results.
With Bitcoin currently trading at approximately $108,000, Metaplanet’s investment is a high-stakes wager on the future of digital currencies. Analysts say the company’s shift from hotels to crypto is audacious, but may pay off if Bitcoin’s value continues to increase.
The results of today’s shareholder vote will be critical. If the raise is approved, Metaplanet’s $3.8 billion raise will become one of the largest corporate crypto raises in Asia. This would cement its position as a big player in the Bitcoin arena.
