Metaplanet targets $137M capital raise to expand Bitcoin holdings
Crypto Briefing
Metaplanet is raising $137 million via a stock offering to significantly increase its Bitcoin holdings and fund business expansion.Summary
Metaplanet, Japan's first publicly listed Bitcoin treasury firm, announced plans to raise $137 million through a new stock offering and warrants. The capital will be primarily used to expand its Bitcoin holdings, support its Bitcoin Income business, and partially repay existing Credit Facility borrowings to maintain future borrowing capacity. Metaplanet has shifted its focus from hotel management to Bitcoin accumulation, currently holding over $3 billion worth of BTC, making it the fourth-largest corporate holder. The Tokyo-based firm has an ambitious goal to acquire 210,000 BTC by 2027, aiming to control 1% of Bitcoin's total supply.
(Source：Crypto Briefing)