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Metaplanet issued 21 million shares through 0% discount moving strike warrants raising 116 billion yen ($745 million) to increase bitcoin treasury.
By James Van Straten, CoinDesk Bot|Edited by Parikshit Mishra
Jan 28, 2025, 9:02 a.m. UTC
What to know:
Metaplanet (3350), the Japanese hotel investor, has announced the largest capital raise in Asian equity market history to buy bitcoin (BTC).
Metaplanet has issued 21 million shares through 0% discount moving strike warrants, raising approximately 116 billion yen ($745 million). This allows holders to buy shares at an exercise price equal to the market price, minimizing dilution for existing shareholders.
The issuance is part of the company’s “Bitcoin-first, Bitcoin-only” strategy, which aligns with its plans to continue increasing its bitcoin holdings amidst the yen’s devaluation and Bitcoin’s all-time high.
The stock acquisition rights were issued at 363 yen per unit ($2.33) and have adjustable exercise prices based on market value.
Metaplanet is the fifteenth largest publicly traded bitcoin holder, with 1,762 BTC. It closed 3% higher on the day, and its shares are up 16% year-to-date.
Disclaimer: This article, or parts of it, was generated with assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
James Van Straten is a Senior Analyst at CoinDesk, specializing in Bitcoin and its interplay with the macroeconomic environment. Previously, James worked as a Research Analyst at Saidler & Co., a Swiss hedge fund, where he developed expertise in on-chain analytics. His work focuses on monitoring flows to analyze Bitcoin’s role within the broader financial system.
In addition to his professional endeavors, James serves as an advisor to Coinsilium, a UK publicly traded company, where he provides guidance on their Bitcoin treasury strategy. He also holds investments in Bitcoin, MicroStrategy (MSTR), and Semler Scientific (SMLR).
Disclosure
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