Metaplanet Raises $255 Million, Eyes $531 Million Bitcoin Buying Spree
Summary
Tokyo-listed Metaplanet has raised approximately $255 million from global investors, with the potential for an additional $276 million through warrants, to fund a substantial Bitcoin acquisition. The company plans to allocate up to $357 million towards purchasing additional Bitcoin between April 2026 and March 2028, aiming to hold 100,000 BTC by the end of 2026 and 210,000 BTC by the end of 2027. Currently holding 35,102 BTC valued at roughly $2.6 billion, Metaplanet is becoming a major corporate Bitcoin treasury. The financing also includes provisions for repaying debt and supporting its Bitcoin income generation business, including margin collateral for options underwriting. Shares rose nearly 5% as Bitcoin climbed above $73,000, and the company is expanding its Bitcoin ecosystem through new ventures and investments.
(Source:Bitcoin Magazine)