Tokyo-listed Metaplanet Inc. said it bought another 103 Bitcoin on 25 Aug for about ¥1.74 billion ($12 million), lifting its reserves to 18,991 tokens valued at roughly $2.1–2.2 billion. The purchase cements the company’s status as one of the largest corporate holders of the cryptocurrency. On 27 Aug the board approved an international share sale of up to ¥130.3 billion ($880 million). Metaplanet intends to channel ¥123.8 billion ($837 million) of the proceeds into further Bitcoin purchases between September and October, and allocate ¥6.5 billion to its options-based “Bitcoin Income” program. The financing would issue as many as 555 million new shares, potentially expanding the outstanding stock to about 1.27 billion, pending shareholder approval at a 1 Sept meeting. Formerly a hospitality operator, Metaplanet has pivoted to a Bitcoin-centric treasury strategy adopted in 2024. The company was promoted from small-cap to mid-cap status in FTSE Russell’s latest review, a move that could draw passive index inflows. Its shares last traded at ¥890 on 27 Aug, down from recent highs amid the planned equity dilution.