Superplannet Is Coming

Metaplanet is expected to control approximately 95.7% of the company’s common stock and voting power following the deal. The newly published investor presentation explains the broader strategy in which the Japanese company wants to replicate its Asian BTC treasury model in the considerably deeper US capital market.

It described the structure as “two listed issuers, two currencies, in two of the world’s largest capital markets.” The company will continue accessing yen-denominated capital in Japan, while Superplanet will attempt to raise USD in the States. All the BTC accumulated by the newly-renamed entity will remain within the Metaplanet group and be consolidated into its overall holdings.

A key part of the strategy could involve issuing USD-denominated perpetual preferred shares to raise additional capital and increase Superplanet’s common share count. The firm plans to use the proceeds to acquire more BTC.

In the hypothetical example provided in the presentation, Metaplanet said if Superplanet raises preferred capital equal to the value of its initial BTC holdings, it will use all of it to purchase more portions of the cryptocurrency. This would double the initial treasury from 2,100 BTC to 4,200 units and increase attributable bitcoin per fully diluted Metaplanet share by approximately 4.7% without issuing additional common shares, the statement explained.

Metaplanet will also have the option to invest another $210 million into Superplanet and receive long-term warrants potentially covering up to 381 million shares.

It’s worth noting that the deal remains subject ot shareholder, Nasdaq, and other regulatory approvals. If it receives the green light, it’s expected to commence in the final quarter of the year

43,000 BTC

Metaplanet adopted the BTC treasury strategy last year and made several major acquisitions. However, it paused its purchases for months as market prices unraveled in 2026, before resuming them in early July. As of press time, it holds 43,000 BTC, making it the third-largest publicly listed corporate holder of the cryptocurrency, trailing Twenty One Capital (43,514 units), and Strategy (840,447 BTC).