Bitcoin Acquisition Metaplanet Raises $135M

Metaplanet to Raise ¥21 Billion for Bitcoin Acquisition

• Metaplanet plans to issue Class B Preferred Shares, dubbed MERCURY, at ¥900 per share.
• The company aims to raise over ¥21 billion (approximately $135 million) before expenses, with net proceeds estimated at ¥20.4 billion.
• Approximately ¥15 billion (around $95 million) will be allocated for purchasing Bitcoin.
• The remaining funds will support Bitcoin income-generating strategies and corporate bond redemption.
• Metaplanet currently holds 30,823 Bitcoin valued at $2.8 billion, making it the fourth-largest corporate holder globally.

Metaplanet’s strategic move to raise substantial capital through MERCURY shares aims to bolster its position as a leading Bitcoin Treasury Corporation by acquiring more Bitcoin and enhancing income-generating strategies.