Metaplanet (3350) raises $255 million in equity deal to accelerate BTC accumulation
Metaplanet secured $255 million through a share placement to bolster its bitcoin accumulation strategy, potentially reaching $531 million.Summary
Japanese bitcoin treasury firm Metaplanet (3350) has raised approximately 40.8 billion yen ($255 million) from global institutional investors through a new share placement. This financing includes fixed-strike warrants that could yield an additional 44.5 billion yen, bringing the potential total capital to $531 million. The company also introduced moving strike warrants linked to its modified net asset value (mNAV), ensuring bitcoin holdings per share increase with any new share issuance. Metaplanet intends to use these funds to expand its bitcoin reserves, working towards its goal of holding 210,000 BTC. The company currently holds 35,102 BTC, making it the fourth-largest corporate bitcoin treasury globally. Shares of Metaplanet rose 5% following the announcement, coinciding with a rise in bitcoin's price above $73,000.
(Source：CoinDesk)