Metaplanet Raises $255M, Seeks $234M via New Strike Warrant Issuance
Cointelegraph
Metaplanet secured $255 million and aims to raise an additional $234 million through a novel warrant structure to increase its Bitcoin holdings.Summary
Metaplanet announced a $255 million private placement with institutional investors and launched a new warrant structure to fund further Bitcoin acquisitions. This includes fixed-strike warrants potentially adding $276 million and a separate $234 million offering of Moving Strike Warrants tied to the company’s Market Net Asset Value (mNAV). The mNAV clause ensures warrants are exercisable only if the stock trades above 1.01x mNAV, protecting shareholder value. Currently, Metaplanet holds 35,102 BTC ($2.5 billion) with an mNAV of 1.11x. This capital-raising strategy mirrors that of MicroStrategy, allowing Metaplanet to continue accumulating Bitcoin towards its goal of 210,000 BTC.
(Source：Cointelegraph)