Metaplanet Launches $745 Million Bitcoin Fundraising Initiative
- Metaplanet Inc. is raising $745 million (¥116 billion) to increase its Bitcoin holdings.
- The Tokyo Stock Exchange-listed firm will issue 21 million shares of 0% discount moving strike warrants.
- The funds aim to boost Bitcoin holdings from 1,761 BTC to 10,000 BTC by the end of 2025 and reach 21,000 BTC by 2026.
- The company’s current Bitcoin holdings are valued at over $187 million, ranking it among the top 15 publicly listed companies globally.
Metaplanet’s “21 Million Plan” seeks to strategically purchase Bitcoin in stages, with warrant issuance starting February 17, 2025. The initiative aligns new share issuance with fair market pricing while avoiding shareholder dilution.
Source (2.6)https://decrypt.co/303120/metaplane-745-million-buy-more-bitcoin?rand=52368