Metaplanet Secures $79.5 Million Financing for Bitcoin Expansion
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: 1h ago- Financing Structure Completed: Metaplanet finalized a board-approved financing structure on Thursday, raising $79.5 million through new share issuance, with potential total proceeds of up to $137 million if attached warrants are exercised within the next year.
- Share Issuance Details: The company will issue 24.53 million common shares at 499 yen each, representing a 5% premium over the previous closing price, with each share including 0.65 stock acquisition rights, totaling 15.94 million potential additional shares exercisable at 547 yen until February 15, 2027.
- Planned Use of Funds: Approximately $91.2 million will fund Bitcoin purchases between February 2026 and February 2027, while $10.1 million supports the Bitcoin Income business segment, which is expected to increase its revenue forecast for fiscal 2025 from $44 million to $57.8 million.
- Market Reaction and Stock Volatility: Despite the premium pricing on new shares, Metaplanet's stock fell 4% to 456 yen on Thursday, reflecting market concerns over short-term dilution, as the company aims to restore borrowing capacity and maintain flexibility for future capital actions.
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.
