The capital was secured by issuing new shares at a 2% premium. The offering also includes fixed-strike warrants priced at a 10% premium, which could generate up to an additional $276 million if exercised. In total, the structure could provide the company with up ato $531 million in new capital.
Metaplanet CEO Simon Gerovic said the funding strengthens the firm’s ability to expand its Bitcoin reserves.
“Metaplanet has raised roughly $255 million from global institutional investors via a placement of new shares priced at a 2% premium, paired with fixed-strike warrants at a 10% premium that monetize our equity volatility for up to $276 million in additional capital upon exercise. This provides up to $531 million in additional firepower on our march toward 210,000 BTC,” Gerovic stated.
The company currently holds 35,102 BTC, valued at approximately $2.6 billion, placing it among the largest corporate Bitcoin holders globally.
Looking ahead, Metaplanet plans to significantly increase its Bitcoin reserves. Management aims to hold 100,000 BTC by 2026 and expand its holdings to 210,000 BTC by 2027 as part of its long-term treasury strategy.
