Metaplanet lines up $531 million in ‘additional firepower’ for 210,000 BTC plan, CEO Gerovich says
Metaplanet secured $531 million in funding to support its plan to accumulate 210,000 BTC, according to CEO Simon Gerovich.Summary
Metaplanet, a Tokyo-listed investment firm, has secured approximately $255 million through a share placement, with a potential to raise up to $531 million, to bolster its bitcoin acquisition strategy. CEO Simon Gerovich announced the funding, which will be used to help the company reach its goal of holding 210,000 BTC. The financing includes common shares and warrants, with a portion allocated for bitcoin purchases between April 2026 and March 2028. The company also intends to use funds to repay borrowings and provide margin collateral for its bitcoin income generation business. Despite a recent impairment loss of $680 million due to bitcoin price volatility, Metaplanet has increased its revenue outlook and seen a rise in its share price.
(Source：The Block)