Metaplanet Expands with $1.4B Raise, US & Japan Units

Metaplanet has established Metaplanet Income Corp. as its US subsidiary, marking a significant pivot beyond its core Bitcoin treasury holdings. The new unit will focus on derivatives and related income-generating activities, with proceeds directed toward supporting upcoming initiatives. CEO Simon Gerovich emphasized that this business has become the company’s “engine of growth,” generating consistent revenue and net income while ensuring the firm remains cash flow positive.

The move is designed to improve governance and risk oversight while creating stable cash flow to support future Bitcoin operations. By diversifying into derivatives and income-generating activities, Metaplanet aims to build financial resilience alongside its substantial Bitcoin holdings, which currently stand at 20,136 BTC, making it the sixth-largest corporate holder of the asset.

Alongside its US expansion, Metaplanet has launched Bitcoin Japan Inc. in Tokyo, securing the iconic Bitcoin.jp domain from a private investor who held it for over a decade. This domain will serve as the foundation for multiple initiatives, including Bitcoin Magazine Japan, the Bitcoin Japan Conference, and future product launches. Income streams from Bitcoin.jp will provide stable revenue to reinforce treasury operations and fund new ventures.

Gerovich described the acquisition as a milestone for the company’s positioning within Japan’s crypto landscape, noting that as “Japan’s leading Bitcoin Treasury Company,” Metaplanet is proud to be only the second owner of this iconic domain. The platform will unify media, events, and services while working with partners to accelerate Bitcoin adoption nationwide, with the domain being amortized in line with accounting standards as an intangible fixed asset.

The establishment of these new subsidiaries follows Metaplanet’s completion of a record-breaking $1.4 billion capital raise from foreign investors. The fundraising attracted interest from what Gerovich called “a world-class base of leading global institutional investors,” including some of the largest mutual fund complexes, sovereign wealth funds, and hedge funds. Nearly 100 investors joined the roadshow, with more than 70 ultimately investing, creating a global and long-term oriented shareholder base.

Metaplanet plans to direct a portion of the funds toward additional Bitcoin purchases, with the ambitious goal of becoming the second-largest corporate holder of Bitcoin behind MicroStrategy (now Strategy). To achieve this, the Japan-based company must acquire at least 33,000 more BTC, which would surpass Bitcoin miner Marathon Digital’s current holdings of 52,477 BTC. This aggressive acquisition strategy positions Metaplanet to deepen relationships with leading institutions worldwide while building lasting support for its growth initiatives.