A Japanese Bitcoin Investment firm, Metaplanet, has announced plans to raise $745 million through the issue of 21 million new shares. This was revealed in a January 28th statement.
According to the firm, the significant capital raise would be used to bolster the company’s Bitcoin holdings.
Dylan LeClair, the firm’s director of Bitcoin strategy, emphasized the significance of this initiative, noting that it represents the largest equity offering in Asia aimed explicitly at Bitcoin acquisition.
Stocks can be purchased at a discount.
Metaplanet announced that the 21,000,000 shares will be offered as part of an 0% moving strike warrant.
This would allow buyers to purchase the company’s stocks at a fixed price tied to the stock’s closing price on the prior trading day.
This is the thirteenth through seventeenth set of rights to purchase stock allotted by EVO Fund. These warrants can be exercised between February 18, 2025 and February 17, 2027.
Metaplanet’s total shares will increase by 21 million if all the warrants are exercised, resulting in a dilution rate of approximately 53.61%.
The company clarified however that this dilution was to occur slowly over the course of the two-year training period.
Bitcoin aggressive plans
Metaplanet’s crypto-focused strategy includes a significant increase in its BTC assets.
The firm—currently holding 1,762 BTC (worth $181.66 million)—plans to expand its reserve to 10,000 BTC by the end of 2025 and 21,000 BTC by 2026.
The company claims that this aggressive strategy is in line with their goal to leverage Bitcoin as a store of value amid a falling yen which has recently reached 160 yen for every US dollar.
Metaplanet said:
“The company aims to raise funds in yen whenever possible and convert them into Bitcoin to preserve asset value, thereby increasing its Bitcoin holdings.”
Metaplanet intends to spend 111.3 billion yen, out of the total 116 billion raised for Bitcoin.
These operations generated over 500 million yen in profits last fiscal year. Last fiscal year, these operations generated over 500 million Japanese yen of profits.
Metaplanet believes that the new approach will enhance its growth over time and boost shareholder value.
Bitcoin, Japan Crypto Currency, Debts, Featured Author 
Oluwapelumi Adejumo
Oluwapelumi is a believer in Bitcoin. He gives insights into a variety of topics, including DeFi hacks, culture and mining, while highlighting its transformative potential.
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Liam ‘Akiba’ Wright
Also referred to as “Akiba,” Liam Wright hosts the SlateCast and is Editor-in chief at CryptoSlate. He is a firm believer that the decentralized technologies have the power to bring about positive changes.
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