Coinspeaker
Jan 29, 2026
5 0

BULLISH 📈 : Metaplanet raises $137M to expand Bitcoin holdings by 2026

Metaplanet's Equity Financing for Bitcoin Expansion

  • Metaplanet approved equity financing to raise ¥20.7 billion ($135-137 million) to expand its Bitcoin holdings.
  • New shares and stock acquisition rights will be issued through a third-party allotment, primarily for Bitcoin purchases in 2026.
  • The financing supports Metaplanet's ongoing Bitcoin treasury strategy, focusing on Bitcoin accumulation and income generation.

Structure of the Offering

  • 24.5 million new shares priced at ¥499 each, raising ¥12.24 billion ($80 million).
  • Each share includes 0.65 stock acquisition rights convertible to about 15.9 million additional shares at ¥547 per share.
  • Full exercise would raise an additional ¥8.8 billion ($57.5 million); warrants are valid for one year.
  • Offering targets overseas investors; payment and allotment date is February 13.

Use of Proceeds and Bitcoin Strategy

  • ¥14 billion ($91 million) allocated for Bitcoin purchases; ¥1.5 billion ($9.7 million) for Bitcoin income business.
  • ¥5.1 billion ($33.24 million) will repay existing debt.
  • Bitcoin purchases will occur in stages, aiming to become a top corporate Bitcoin holder by August 2026.
  • Recent Bitcoin-related impairment of ¥104.6 billion ($680 million) recorded due to market downturn, with no impact on cash flow or operations.