Metaplanet Secures Record-Breaking Capital Raise to Expand Bitcoin Holdings
Metaplanet (3350), a Japanese hotel investment company, has announced the largest capital raise in Asian equity market history to fund its growing bitcoin (BTC) treasury. The company raised approximately 116 billion yen ($745 million) by issuing 21 million shares through 0% discount moving strike warrants. This method allows the holders to buy shares at an exercise price equal to the current market value, which minimizes dilution for existing shareholders.
This capital raise is part of Metaplanet’s “Bitcoin-first, Bitcoin-only” strategy, reflecting the company’s ongoing commitment to increasing its bitcoin holdings in light of the yen’s devaluation and Bitcoin’s record-breaking price levels. The acquisition rights were priced at 363 yen per unit ($2.33), with adjustable exercise prices tied to market conditions.
Metaplanet is now the fifteenth-largest publicly traded bitcoin holder, with a total of 1,762 BTC. Following the announcement, the company’s stock rose by 3% on the day and has gained 16% year-to-date.
