Metaplanet Approves $5 Billion Capital Injection for Bitcoin Acquisition Strategy

Metaplanet's board approved a capital injection of up to $5 billion for its U.S. subsidiary, Metaplanet Treasury Corp, to accelerate its bitcoin acquisition strategy.

The Florida-based subsidiary was established on May 1 to expand global bitcoin treasury operations.
This funding aims to implement the company's “555 million plan” disclosed on June 6.
Metaplanet targets accumulating 210,000 BTC by the end of 2027.
The company will utilize deep capital markets in the U.S. for optimized acquisition and management processes.
Funding comes from exercising stock acquisition rights, with proceeds directed towards bitcoin purchases.
No changes to the previously disclosed intended use of funds.
The financial impact on the current fiscal year is expected to be minimal.
Shares of Metaplanet closed 7% lower on Tuesday.