Metaplanet Raises $137 Million to Reduce Debt and Buy More Bitcoin
Tokyo-based bitcoin treasury firm Metaplanet is raising up to 21 billion yen ($137 million) through a share and warrant issuance to fund further bitcoin BTC $82,794.83 purchases and repay debt.
The company will issue 24.53 million new shares at 499 yen each, about 5% above the previous close, generating roughly 12.24 billion yen upfront. Shares ended the day at 456 yen, down 4%, reflecting short-term dilution concerns.
The third-party allotment places shares with select investors. Each share comes with 0.65 stock acquisition rights, totaling 15.94 million potential shares with 65% warrant coverage. The warrants have a fixed strike price of 547 yen and a one-year exercise period, potentially raising an additional 8.9 billion yen if fully exercised.
Of the proceeds, 5.2 billion yen will go to partial debt repayment, while the remainder will support bitcoin accumulation and general corporate purposes. Metaplanet currently holds 35,102 BTC, the fourth-largest holding among publicly traded companies.
