# Metaplanet Files to Raise $3.7B for BTC Buys

*Author: Bankless*
*Published: Aug 1, 2025*
*Source: https://www.bankless.com/read/metaplanet-files-to-raise-3-7b-for-btc-buys*

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Metaplanet, a public investment company based in Tokyo, filed to raise approximately $3.7 billion through a preferred stock offering. The move is part of its strategy to become one of the largest corporate Bitcoin holders in the world.

### What’s the Scoop?
- **Stock Raise Filed:** Metaplanet filed a shelf registration to raise up to $3.7 billion via perpetual preferred shares offering annual dividends up to 6 percent. Funds will be used to acquire more Bitcoin.
- **BTC Holding Target:** The firm aims to accumulate 210,000 BTC by the end of 2027, which would represent 1 percent of the total Bitcoin supply.
- **Warrant-Based Offerings:** This raise follows previous funding rounds that included stock warrants and yen-denominated BTC-backed instruments.
- **Valuation Context:** The $3.7 billion target equals about 75 percent of Metaplanet’s current market cap, which stands at $4.9 billion.