Metaplanet is shifting into an active capital accumulation phase. The board approved a plan to raise $137 M through a mix of stock and option sales. The strategy is aggressive: buying Bitcoin and clearing the balance sheet.
The company is issuing 24.5 million common shares at 499 yen. This will provide roughly $78 M in upfront capital. They plan to secure another $56 M later through the exercise of stock acquisition rights.
The mechanism relies on investors exercising their right to buy shares within a year at a fixed price above market value. Private foreign funds will purchase the entire allocation.
Director of Strategy Dylan LeClair explained the logic: this structure allows capital raising now while controlling dilution. Essentially, the company monetizes its own stock volatility by selling at a premium.
Where the Money Will Go
The priority is direct BTC purchasing. Part of the funds will go into business lines that generate crypto income natively.
Metaplanet will also close out old credit lines. Repaying debt restores borrowing capacity for the future and returns financial flexibility for new maneuvers.
The Japanese corporation currently holds 35,102 BTC on its balance sheet, valued at over $3 B. This makes it the world’s fourth-largest corporate Bitcoin holder.
Read also:
- Strategy Purchased 2,932 BTC at $90,000, Boosting Balance to 712,647 Coins
- Metaplanet Prepares $3,7 Billion Stock Offering to Buy Bitcoin
This post is for informational purposes only and does not constitute advertising or investment advice. Please do your own research before making any decisions.