Metaplanet plans to raise $135 million in MERCURY preferred equity to buy more Bitcoin
Metaplanet intends to raise approximately $135 million through MERCURY preferred equity to purchase more Bitcoin and reduce debt.Summary
Metaplanet, aiming to accelerate its transition into a Bitcoin Treasury Corporation, plans to raise over ¥21 billion (approximately $135 million) by issuing 23.6 million MERCURY Class B preferred shares at an issue price of ¥900 per share, expecting net proceeds of ¥20.4 billion. The company intends to allocate nearly ¥15 billion (around $95 million) toward acquiring more Bitcoin, with the remaining funds designated for Bitcoin income-generating strategies and the repayment of corporate bonds. Metaplanet views Bitcoin as a superior long-term store of value amid a perceived structural monetary shift globally. The company currently holds 30,823 Bitcoin, valued at $2.8 billion, making it the fourth-largest corporate Bitcoin holder globally.
(Source：Crypto Briefing)