Metaplanet’s $135M Bitcoin Bet: A Strategic Treasury Pivot

On January 8, 2026, the cryptocurrency and financial markets are closely watching a significant corporate move from Tokyo. Metaplanet Inc., a publicly traded company, has taken a decisive step to reinforce its Bitcoin-centric treasury strategy by approving a substantial capital raise. The company's board greenlit a plan to raise approximately $135 million through the issuance of Class B Preferred Shares, priced at ¥900 per share. This strategic decision, approved on November 20, 2025, is not merely a fundraising exercise but a calculated reinforcement of the firm's commitment to Bitcoin as a primary reserve asset. The issuance of 23.61 million non-voting shares, scheduled for December 29, 2025, is structured to minimize dilution for existing common shareholders while providing new investors with dividend rights and conversion options. This move signals a growing trend among forward-thinking corporations to integrate Bitcoin into their core financial strategies, moving beyond speculative investment to treating it as a foundational treasury asset. By opting for preferred shares, Metaplanet is strategically navigating capital acquisition without surrendering corporate control, a model that could set a precedent for other firms considering similar crypto-treasury transitions. The timing and scale of this capital injection are poised to significantly bolster Metaplanet's Bitcoin holdings, potentially influencing its market position and reflecting a robust, long-term bullish outlook on Bitcoin's value proposition within corporate finance. This development underscores the accelerating institutional adoption of Bitcoin, transforming it from an alternative investment into a central pillar of modern treasury management.

Metaplanet to Raise $135M via Class B Shares, Reinforces Bitcoin-Centric Strategy

Metaplanet's board greenlit a $135 million capital raise through Class B Preferred Shares, priced at ¥900 per share. The move, approved on November 20, 2025, underscores the firm's commitment to Bitcoin as a core treasury asset while minimizing dilution for common shareholders.

The Tokyo-based company will issue 23.61 million non-voting shares on December 29, offering dividend rights and conversion options to investors. Shareholders will vote on the proposal during a December 22 extraordinary meeting.

Since pivoting to a Bitcoin-focused strategy in 2024, Metaplanet has systematically accumulated BTC reserves. This capital injection likely signals further treasury expansion amid growing institutional adoption of cryptocurrency balance sheet strategies.

Ray Dalio Warns of Market Bubble and Bitcoin Adoption Challenges

Ray Dalio, billionaire founder of Bridgewater, voiced concerns about an expanding market bubble during a CNBC interview. He compared current conditions to historical bubbles, noting tech valuations have reached unsustainable levels. His bubble indicator suggests markets are 80% toward 1929 and 2000 peaks.

While acknowledging Nvidia's strong earnings, Dalio highlighted risks in the AI sector's rapid growth. He also addressed Bitcoin's volatility, framing it as part of broader market instability rather than a standalone phenomenon.

Fed Rate Cut Uncertainty Leaves Bitcoin Trapped in Narrow Trading Band

Bitcoin faces prolonged stagnation within a tight price corridor as fading expectations of a Federal Reserve rate cut remove a key catalyst for volatility. The CME FedWatch Tool now prices December easing odds between 40%-50%, a stark retreat from earlier 70% projections.

Market uncertainty stems from incomplete economic data, with October's jobs report missing and November figures delayed. This opacity forces the Fed into cautious paralysis - precisely when crypto markets crave liquidity injections. The resulting risk-off sentiment manifests in BTC's 6% weekly drop, exacerbated by thin order books.

Paradoxically, stablecoin reserves balloon to $72.2B, creating dry powder for eventual rallies. These war chests suggest institutional players anticipate eventual Fed dovishness, positioning for 2024 rebounds rather than capitulating to short-term macro headwinds.

Block Inc. Sets $15.8B Gross Profit Target by 2028 Amid AI and Bitcoin Push

Block Inc. shares surged 9% after outlining ambitious plans to nearly triple gross profit to $15.8 billion by 2028. The Jack Dorsey-led company is pivoting from its payment roots toward AI tools and bitcoin infrastructure, backed by a $5 billion share buyback expansion.

Adjusted operating income is projected to grow at a 30% annual clip, reaching $4.6 billion within three years. The strategy leans on Cash App's 58 million users, which already delivered 24.3% gross profit growth, and targets mid-teens percentage gains through 2028.

Investors rewarded the roadmap presented at Block's 2025 Investor Day, signaling confidence in its consumer services expansion. The repurchase program now totals $6.1 billion, underscoring management's conviction in sustained profitability.

Metaplanet Launches Bitcoin-Backed Preferred Shares to Bolster Treasury Strategy

Metaplanet has unveiled a dual-tier preferred share structure to fund its Bitcoin-centric financial strategy. The Japanese firm introduced Class A (MARS) and Class B (Mercury) shares, targeting capital raises with distinct risk-reward profiles. Mercury aims to secure $150 million, offering a 4.9% fixed dividend and conversion rights, while MARS features adjustable dividends tied to share performance.

The MOVE comes as Metaplanet's 30,823 BTC holdings show a 15% unrealized loss, with its stock down 80% from peak levels. Dylan LeClair, Head of Strategy, emphasized MARS' senior position in the capital stack—designed to provide stable income without diluting common shareholders. The instruments reflect growing institutional creativity in crypto-linked financing.

Al Warda Investments Boosts Bitcoin Exposure via BlackRock ETF

Al Warda Investments, the Abu Dhabi Investment Council's investment arm, has aggressively expanded its Bitcoin holdings through BlackRock's iShares Bitcoin Trust (IBIT). The firm increased its position by 230% in Q3, amassing nearly 8 million shares worth $517.6 million—a move that coincides with Bitcoin's volatile journey from $126,000 in October to sub-$90,000 levels in November.

The investment marks a strategic pivot for Al Warda, traditionally focused on private-market assets like real estate and infrastructure. Bitcoin's recognition as a gold-like store of value appears to have driven this shift, reflecting broader institutional appetite for crypto diversification. BlackRock's ETF now serves as a gateway for Middle Eastern capital seeking regulated exposure to digital assets.

Volatility remains a concern, with Bitcoin's 30% retreat dampening short-term sentiment. Yet Al Warda's conviction underscores a growing trend: sovereign-linked entities are increasingly allocating to crypto through institutional-grade vehicles. The playbook for portfolio diversification is being rewritten—one ETF share at a time.