Metaplanet Plans to Raise ¥20.7 Billion Through Stock Offering
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: 2h ago- Fundraising Initiative: Metaplanet Inc. announced its plan to raise approximately ¥20.7 billion ($137 million) through a stock offering, with ¥14 billion specifically allocated for Bitcoin purchases to bolster the company's Bitcoin treasury holdings.
- Stock Offering Details: The offering will include 24.5 million new common shares priced at ¥499 each, along with stock acquisition rights convertible to 15.9 million shares at ¥547 each, with payment due by February 13 and rights exercisable from February 16 to February 15 of the following year.
- Strategic Expansion: The board of directors approved the phased use of funds for Bitcoin purchases, aiming to position Metaplanet among the leading global corporate BTC holders by August 2026, highlighting its unique commitment within Japan's corporate landscape.
- Focus on Bitcoin: The company emphasizes a singular focus on Bitcoin investments, avoiding diversification into Ethereum or other cryptocurrencies, thereby reinforcing Bitcoin's value as a core treasury asset while enhancing financial stability amid market volatility.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
