Metaplanet (3350) is raising $137 million to pay down debt and buy even more bitcoin
CoinDesk
Metaplanet is raising up to $137 million via share and warrant issuance to repay debt and increase its significant bitcoin holdings.Summary
Metaplanet, a Tokyo-based bitcoin treasury company, announced plans to raise up to 21 billion yen ($137 million) through the sale of new shares and stock warrants to select investors. The upfront capital, raised at 499 yen per share, will generate approximately 12.24 billion yen, with 5.2 billion yen earmarked for partial repayment of its existing $280 million debt. The remaining proceeds are intended to support further bitcoin accumulation and general corporate purposes. Each new share includes warrants exercisable at 547 yen, potentially adding up to 8.9 billion yen if fully exercised. Metaplanet currently holds 35,102 BTC, making it the fourth largest holder among publicly traded companies.
(Source：CoinDesk)