Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Japan’s Metaplanet plans to raise $745 million via stock warrants to buy more bitcoin

Japan’s Metaplanet plans to raise $745 million via stock warrants to buy more bitcoin

The BlockThe Block2025/01/28 09:55
By:Danny Park

Metaplanet announced plans to raise 116 billion yen, or $745.5 million, to buy more bitcoin.The Tokyo-listed investment company plans to expand bitcoin holdings to 10,000 BTC by the end of 2025.Metaplanet currently owns around 1,761 BTC.

Japan’s Metaplanet plans to raise $745 million via stock warrants to buy more bitcoin image 0

Japanese investment firm Metaplanet announced Tuesday that it plans to raise 116 billion Japanese yen, or about $745.5 million, to purchase more bitcoin.

The firm said it plans to issue 21 million shares of 0% discount warrants. These financial instruments give the holder the right, but not the obligation, to buy the underlying stock (in this case, Metaplanet’s shares) at a predetermined price before the warrant expires.

Metaplanet claimed that if executed, this transaction would be the “largest capital raise in Asian equity markets history to buy BTC.”

“In January 2025, Bitcoin reached a new all-time high … the Japanese yen continues to lose value, with the exchange rate against the US dollar nearing 160 yen,” Metaplanet said in its latest disclosure .

The company stated that such circumstances have led it to raise funds and purchase bitcoin “as quickly as possible.”

Metaplanet’s last bitcoin purchase came in December when it bought 619.7 BTC for 9.5 billion yen ($60.6 million), which it raised via bond issuance the previous week. The Tokyo Stock Exchange-listed company is currently the 12th largest publicly traded holder of bitcoin, owning around 1,761 BTC.

Earlier this month, Metaplanet said it plans to expand bitcoin holdings to 10,000 BTC by the end of this year and 21,000 BTC by the end of 2026.

“Since adopting the Bitcoin Standard on April 8, 2024, Metaplanet has experienced exponential growth,” Metaplanet CEO Simon Gerovich said.. “The market has recognized Metaplanet as Tokyo’s preeminent Bitcoin company, and we are seizing this momentum to solidify our position as a global leader.”

Metaplanet shares closed up 3.1% to 4,160 yen on Tuesday, growing 16.36% year-to-date, according to Google Finance data. Bitcoin rose 3.49% in the past 24 hours to trade at $102,794, The Block’s bitcoin price page shows.


0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!