Metaplanet Raises $137 Million to Buy Bitcoin Despite 18.6% Loss

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Metaplanet, a Tokyo-listed investment firm, is doubling down on its Bitcoin strategy even as prices stay below $88,000. 

The company has announced a $137 million capital raise through a third-party allotment to buy more Bitcoin, showing strong long-term confidence in the digital asset.

Metaplanet Raises $137M to Buy More Bitcoin

According to a company filing, Metaplanet revealed plans to raise 21 billion yen (around $137 million) through a third-party allotment. The company will issue 24.52 million new common shares at an issue price of 499 yen ($3.35) per share, aiming to raise about 12.24 billion yen ($82 million) from the share sale alone.

Alongside this, Metaplanet will issue 159,440 stock acquisition rights, with each right allowing investors to buy 100 ordinary shares. Meanwhile, the allotment and payment date for both the shares and stock rights is scheduled for February 13, 2026.

The company stated that most of the funds raised will be used to buy more Bitcoin, continuing its Bitcoin-focused treasury strategy launched in 2024.

Bitcoin-First Strategy Continues Despite 18.6% Loss

Metaplanet has been one of Japan’s most aggressive corporate Bitcoin buyers, closely following the footsteps of Michael Saylors’ Strategy. In late 2025, the firm purchased 4,279 BTC for $451 million. 

As of now, its total Bitcoin holdings stand at 35,102 BTC, valued at around $3.08 billion.

However, with Bitcoin currently trading below $88,000, Metaplanet is facing an unrealized loss of roughly 18.6%, based on an average purchase price of $107,716 per BTC. 

Despite this, company leadership remains committed to its long-term Bitcoin accumulation plan and has set a bold target of 210,000 BTC by 2027.

Metaplanet’s Stock Price Plunge 

Following this announcement, Metaplanet’s share price has seen a drop of 4%, trading at 456 yen, reflecting short-term concerns about share dilution.

At the same time, Bitcoin price also slipped by more than 2% in the last 24 hours, trading near $87,716, though trading volume rose by 8%, signaling active market participation.