Metaplanet Inc. (3350) climbed 5.7% on Wednesday following the announcement of multiple capital initiatives, including an international share offering, warrant exercises, early bond redemptions, and a temporary suspension of select stock rights.
International Offering
The Tokyo-based company plans to issue up to 555 million new shares to foreign investors, pending approval at an extraordinary general meeting on September 1. The offering is expected to raise approximately 130.3 billion yen ($880 million), with the majority earmarked for bitcoin (BTC) purchases and a portion supporting its bitcoin income-generation operations. The move is intended to increase Metaplanet’s bitcoin net asset value (NAV) and attract institutional investors globally.
Warrant Exercises and Equity Update
Between August 14 and 26, 275,000 units of the 20th Series Stock Acquisition Rights were exercised, resulting in the issuance of 27.5 million new shares at prices ranging from 834 to 966 yen. This raised total shares outstanding to 739.7 million.
Bond Redemptions
Metaplanet redeemed 5.25 billion yen of the 19th Series Ordinary Bonds early, supplementing previous redemptions in July and August, reducing liabilities ahead of the bonds’ December maturity.
Suspension of Stock Rights
The company will temporarily suspend exercises of the 20th, 21st, and 22nd Series Stock Acquisition Rights from September 3 to September 30. Currently, 360,000 units remain unexercised for the 20th Series and 1.85 million units each for the 21st and 22nd Series. Metaplanet retains flexibility to resume or adjust the suspension as needed.
Metaplanet shares closed at 890 yen, reflecting investor confidence in the company’s comprehensive capital strategy.
