Metaplanet Plans $1.4B Share Sale to Increase Bitcoin Holdings
Metaplanet (3350), Japan's largest bitcoin treasury company, plans to raise 204.1 billion yen ($1.4 billion) via an international share sale to increase its bitcoin holdings.
- The company currently possesses 20,136 BTC, ranking sixth among publicly traded firms globally.
- It priced 385 million new shares at 553 yen each.
- Metaplanet's stock increased by 16% to 714 yen on record trading volume.
- Nakamoto Holdings (NAKA), founded by David Bailey, announced a $30 million purchase of the new shares, leading to a 77% surge in NAKA shares.
- Metaplanet will allocate 183.7 billion yen for bitcoin purchases and 20.4 billion yen for its bitcoin income generation business.
- Post-sale, Metaplanet's outstanding shares will exceed 1.14 billion.