Under the plan, Metaplanet will issue 107,368,000 ordinary shares at ¥380 each, representing a roughly 2% premium to the prevailing share price. The share issuance alone accounts for the ¥40.8 billion base financing announced Monday.
The deal also includes the issuance of more than 1.07 billion stock acquisition rights, or warrants, each convertible into 100 shares at an exercise price of ¥410. That strike price sits roughly 10% above the current market level, meaning investors only benefit if the company’s stock continues to appreciate.
Management paired the fundraising with structural safeguards meant to limit shareholder dilution. The company suspended the older warrant series that previously allowed for the potential issuance of as many as 210 million additional shares.
FAQ What is Metaplanet’s latest financing plan?Metaplanet announced a $255 million equity raise with warrants that could increase total funding to about $531 million. What will Metaplanet do with the funds?The company plans to use most of the capital to purchase additional bitcoin for its corporate treasury. How much bitcoin does Metaplanet currently hold?The firm reported holdings of about 35,102 BTC at the end of 2025. What is Metaplanet’s long-term bitcoin goal?Its “555 Million Plan” targets 100,000 BTC by 2026 and 210,000 BTC by 2027.
