Metaplanet Makes Historic Capital Raise to Buy Bitcoin
Metaplanet (3350), a prominent Japanese hotel investment firm, has recently made headlines by announcing the largest capital raise in the history of the Asian equity market, specifically aimed at acquiring bitcoin (BTC). The company successfully issued 21 million shares through a strategic approach involving 0% discount moving strike warrants, which has enabled it to raise an impressive total of approximately 116 billion yen (equivalent to $745 million).
This innovative financial maneuver allows shareholders to purchase shares at an exercise price that corresponds with the current market price, effectively minimizing the dilution impact on existing shareholders. This issuance is a key component of Metaplanet’s ambitious “Bitcoin-first, Bitcoin-only” strategy, which is designed to bolster its bitcoin holdings in the wake of the yen’s ongoing devaluation and Bitcoin’s recent surge to all-time highs.
The stock acquisition rights were issued at a unit price of 363 yen ($2.33), with adjustable exercise prices that reflect market fluctuations. Currently, Metaplanet ranks as the fifteenth largest publicly traded bitcoin holder, boasting a substantial portfolio of 1,762 BTC. Following this announcement, the company’s stock closed up by 3% on the trading day, contributing to a remarkable 16% increase in its shares year-to-date.
Disclaimer: This article, or parts of it, were generated with assistance from AI tools and have been reviewed by our editorial team to ensure accuracy and adherence to our standards. For further information, please see CoinDesk’s full AI Policy.
