Metaplanet Secures $884 Million in Funding Amidst Bitcoin Strategy Challenges

Metaplanet Inc., facing pressure from its Bitcoin strategy, is seeking $884 million in funding through overseas share sales. This move comes as the company’s stock has plummeted by 54% since June 2025, a consequence of challenges with its reliance on Bitcoin for treasury growth. A shareholder vote regarding the issuance of up to 555 million preferred shares is imminent. This funding raise attempts to address Metaplanet’s financial instability stemming from the volatile cryptocurrency landscape and diversify its strategy.