MetaplanetThe Tokyo-listed Bitcoin treasury Company plans to raise as much as 21 billion yen (137 million dollars) by issuing new shares and warrants. It will be doubling down on its strategy Accumulating Bitcoins while Reducing Leverage
The company said It will instead raise funds through the direct placement of stock rights and new common shares with selected investors rather than a public offer.
Metaplanet is a plan that was developed by Metaplanet will issue 24.53 million new common shares priced at 499 yen per share — roughly 5% above the prior closing price — generating approximately 12.24 billion yen in upfront proceeds.
Shares of the firm closed at 456, down 4%. This reflects near-term concerns about dilution despite premium pricing.
The warrants will cover 65% of the newly-issued shares. Each share comes with 0.65 rights to acquire stock, which is equivalent to 15,94 million additional potential shares. These warrants have a fixed price of 547yen for exercise and are exercisable over an annual period. They would produce an extra 8.9 billion yen if fully exercised.
The warrants have a fixed strike rather than a moving strike, which limits the dilution of existing shareholders.
“The 65% warrant coverage exercisable at ¥547 for one year is a fixed strike,” Dylan LeClair is the head of Bitcoin strategy at Metaplanet. “The financing structure enables Metaplanet to capitalize on common stock volatility to sell shares at a premium to market while raising capital today.”
Metaplanet stated that 5.2 billion yen from the capital up front will be used for partial repayment of existing debt. Metaplanet has approximately $280,000,000 in debt according to its dashboard.
Metaplanet uses the money for bitcoin
All remaining funds will be used to provide support for further bitcoin purchasesThe expansion of the bitcoin-based income generation business will include options and loans, as well as general corporate objectives.
About 14 billion Japanese Yen ($91.2 Million) have been allocated specifically to bitcoin accumulation. Another 1.5 billion (about 9.8 million) yen has also been set aside for income-generating activity.
At a Thursday meeting, the board approved financing. The date for allotment of the funds and the payment is set at February 13, 2026. The warrants can be exercised from February 16, 2026 through to Feb. 15, 2020.
Metaplanet is the fourth largest bitcoin owner among public companies. It has modelled its strategy after U.S. firms like Strategy (formerly MicroStrategy), the biggest corporate bitcoin holder in the world with over 700,000 BTC.
The capital raise follows Metaplanet’s recently announced long-term objective to acquire up to 210,000 BTC — roughly 1% of bitcoin’s total supply — by 2027. The company stated that accumulation would be in stages, and will be handled by Metaplanet Lightning Capital.
Despite bitcoin’s recent pullback — with BTC trading near $87,800 at the time of publication — Metaplanet said it remains confident in the asset’s medium- to long-term outlook. The company said that they expect the financing will have minimal effect on their 2026 financials and would disclose any necessary changes.
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Source: bitcoinmagazine.com
