Metaplanet’s Game-Changing $3.6B Plan to Hold 210,000 BTC

• Metaplanet plans $3.6B perpetual shares to build a 210,000 BTC treasury by 2027.
• Class A shares mimic bonds with 6% cap, Class B allows equity conversion flexibility.
• With 17K+ BTC, Metaplanet surpasses Tesla, aiming to dominate corporate Bitcoin.

Metaplanet has submitted a plan to raise $3.6 billion via perpetual preferred shares to make giant purchases of Bitcoins. The Japanese company is planning to create a treasury of 210,000 BTC by the year 2027, which is a bold organizational plan. The move is indicative of a new venture toward its mission to gain prominence in the digital asset industry.

Perpetual Preferred Shares Structure

The company offered two perpetual preferred share classes to provide flexible long-term financing. Class A shares will be senior, non-convertible Capital that is meant to pay fixed dividends and have liquidation priority. Class B shares will be converted to common stock, which will have various risk profiles and participation characteristics.

Classes will not be treated with voting rights, which means the current shareholders will retain the business’s operations. The approved shelf registration will see that the two categories can be issued within the next two years. This offer is to be approved by shareholders at the extraordinary general meeting on September 1.

Class A shares also behave like corporate bonds, as they have a dividend structure with a limit of 6% annually. Class B shares introduce the concept of conversion rights, where they gain the mandate to convert into equity under specified circumstances. The combination of the two will generate diversified funding for Metaplanet’s expansion, with a concentration in Bitcoin.

Bitcoin Accumulation Strategy

Metaplanet aspires to increase its stakes to 210,000 BTC by 2027 with funds raised via the preferred stock offering. Following various acquisition deals in the year, the company now holds more than 17,000 BTC, valued at about 2 billion dollars. It purchased 780 BTC at the end of July and 2,205 BTC in early July.

The company gained momentum ever since it launched its official Bitcoin business line in December 2024. Holdings expanded from below 4,000 BTC in March to current levels within four months. Funding has been through bond redemptions and stock rights exercises, amounting to major increases in treasury reserves.

The average acquisition price of Metaplanet Bitcoin is about $100,504 per coin, which is indicative of a steady pace of acquisition. Custom performance measurements, like BTC Yield, monitor share dilution performance and capital allocation. The firm’s Q2 2025 BTC Yield was 129.4%, demonstrating the effects of its strategy.

Market Position and Outlook

Trading volume in Metaplanet has been extremely active this year as June volumes were almost twice as high as May. Stock fell 7% with the announcement of financing but the general trend is positive longterm out to six months. This strategy indicates long-term commitment on the part of the firm in spite of the temporary volatility of equity prices.

This represents an increasing share of corporate digital assets as the company already has more Bitcoin than Tesla and Galaxy Digital. Its plan is in line with larger corporate trends, with Bitcoin treasury holdings topping over $93 billion worldwide this summer. Further concentration by dominant companies may affect a wider range of prices.

Metaplanet emphasized that proceeds from the offering will exclusively fund Bitcoin acquisitions. The firm seeks to establish itself as a central player in corporate Bitcoin accumulation. If approved, the plan will mark one of the most ambitious treasury programs in the global market.