Metaplanet Raises $745 Million for Bitcoin Acquisition Strategy
Metaplanet, a Japanese hotel investor, has completed the largest capital raise in Asian equity market history to acquire bitcoin. Key details include:
- 21 million shares issued via 0% discount moving strike warrants
- Raised approximately 116 billion yen ($745 million)
- Stock acquisition rights priced at 363 yen per unit ($2.33) with adjustable exercise prices
- Company follows a "Bitcoin-first, Bitcoin-only" strategy
- Currently holds 1,762 BTC, ranking as the fifteenth largest publicly traded bitcoin holder
- Shares closed 3% higher on the day and are up 16% year-to-date