Metaplanet Raises $531 Million to Expand Bitcoin Holdings
- Metaplanet raised nearly $255 million from global institutional investors through a new share placement at a 2% premium.
- The company secured an additional $276 million via fixed-strike warrants at a 10% premium, totaling around $531 million in capital.
- Metaplanet plans to purchase up to 210,000 BTC, aiming for a total of approximately 100,000 BTC holdings this year.
- Currently, Metaplanet holds about 35,102 BTC valued at $2.57 billion and has an unrealized loss of $1.21 billion.
- The company’s stock surged by nearly 5%, closing at ¥391 on Monday amid rising Bitcoin prices, which are now around $73,850.
Metaplanet’s board approved a new capital allocation policy aimed at maximizing long-term corporate value and optimizing shareholder returns through strategic use of perpetual preferred shares and mNAV clauses.
With the recent capital raise and strategic initiatives, Metaplanet is positioned to significantly increase its Bitcoin holdings this year while currently holding over $2.57 billion in Bitcoin assets.(Source)
