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Metaplanet Files to Raise $3.7B for BTC Buys
The Japanese investment firm is getting more aggressive in its fundraising efforts.
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Metaplanet, a public investment company based in Tokyo, filed to raise approximately $3.7 billion through a preferred stock offering. The move is part of its strategy to become one of the largest corporate Bitcoin holders in the world.
What’s the Scoop?
- Stock Raise Filed: Metaplanet filed a shelf registration to raise up to $3.7 billion via perpetual preferred shares offering annual dividends up to 6 percent. Funds will be used to acquire more Bitcoin.
- BTC Holding Target: The firm aims to accumulate 210,000 BTC by the end of 2027, which would represent 1 percent of the total Bitcoin supply.
- Warrant-Based Offerings: This raise follows previous funding rounds that included stock warrants and yen-denominated BTC-backed instruments.
- Valuation Context: The $3.7 billion target equals about 75 percent of Metaplanet’s current market cap, which stands at $4.9 billion.