Metaplanet Announces Capital Raise of $745 Million for Bitcoin Acquisition
Metaplanet Inc, a Japanese financial services company, has announced a capital raise in the Asian equity market aimed at increasing its Bitcoin holdings. Key details include:
- The company plans to issue 21 million shares through 0% discount moving strike warrants.
- The target amount is approximately 116 billion yen (around $745 million).
- Stock acquisition rights are priced at 363 yen ($2.33) per unit, with adjustable exercise prices based on market value.
Bitcoin Acquisition Plans
Metaplanet intends to purchase:
- 10,000 Bitcoin by the end of 2025
- 21,000 Bitcoin by the end of 2026
This strategy positions Metaplanet to become one of the largest corporate Bitcoin holders globally. As of December last year, it held approximately 1,761 BTC, valued over ¥27.7 billion, indicating substantial unrealized gains.
Simon Gerovich, Representative Director of Metaplanet, stated the company's commitment to leading the Bitcoin movement in Asia. This initiative aligns with a broader trend of corporate adoption of Bitcoin, exemplified by companies like MicroStrategy, which has significantly increased its Bitcoin reserves.
Other firms, such as LQR House and Remixpoint, are also incorporating Bitcoin into their strategies. LQR House aims to acquire up to $1 million in Bitcoin, while Remixpoint plans to invest 500 million yen (approximately $3.27 million) in BTC.