Markets
What to know:
- Metaplanet announced it plans to rustle up a cool 204.1 billion yen (that’s about $1.4 billion for the rest of us) via a globetrotting share sale.
- Shares shot up like caffeinated squirrels, gaining 16% on a Wednesday – because who would wait for Friday?
- Nakamoto Holdings (no relation to the guy who invented Bitcoin… or is there?) has bravely pledged $30 million to the share party.
Metaplanet (3350), the proud owners of the largest Japanese bitcoin treasure chest, are now trying to fatten their hoard by raising approximately 204.1 billion yen in an international share extravaganza. Because why just have treasure when you can have treasure *and* loads of investors clutching shares like they’re going out of fashion?
Based in Tokyo, where sushi is fresh and bitcoin even fresher, Metaplanet currently sits atop a throne of 20,136 BTC, ranking sixth globally among public companies. They’re offering 385 million shiny new shares at a window-shopper-friendly 553 yen apiece. Predictably, their stock jumped 16% to 714 yen on Wednesday amidst what can only be described as record hysteria – sorry, trading volume.
Nakamoto Holdings-whose founder, David Bailey, moonlights as a crypto adviser to none other than President Donald Trump-also got in on the fun, committing a cool $30 million to the new shares. Unsurprisingly, their shares soared an eyebrow-raising 77% the day before, proving the early bird really does get the digital worm.
Metaplanet plans to sprinkle 183.7 billion yen of this freshly-raised fortune on buying bitcoin during the auspicious months of September and October. The remaining 20.4 billion yen will be funneled into their bitcoin income-generating business, aka turning digital gold into actual gold (or at least something close enough).
Once the August-announced sale wraps up, Metaplanet’s shares will balloon to over 1.14 billion, because when it comes to numbers, size *definitely* matters.
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2025-09-10 12:39