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Metaplanet (3350) is raising $137 million to pay down debt and buy even more bitcoin
Metaplanet aims to reduce $280 million debt and expand Bitcoin holdings after a $680 million impairment, raising $137 million via targeted share and warrant issuance.
- Metaplanet Inc. approved a third-party allotment to raise about $137,000,000 via new shares and stock acquisition rights, with the allotment and payment date scheduled as part of a board-approved plan.
- Earlier this week, Metaplanet Inc. reported a 104,600,000,000 yen impairment and said fundraising aims at capital strengthening, debt reduction and bitcoin accumulation.
- Metaplanet will issue 24,529,000 common shares at JPY 499, raising 12,240,000,000 yen, with warrants at JPY 547 and 159,440 stock acquisition rights.
- Shares closed at 456 yen, down 4% amid dilution worries, with 5,200,000,000 yen allocated to partial debt repayment against $280,000,000 debt outstanding.
- Metaplanet's 35,102 BTC holdings make the raise material to its treasury strategy, with stock acquisition rights potentially generating up to 8,900,000,000 yen if exercised, though proceeds may fall if rights are unexercised or canceled.
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Japanese investment giant Metaplanet announced it will conduct a new capital increase worth approximately $137 million to pay off its debts and increase its Bitcoin (BTC) reserves. The Tokyo-based publicly traded company Metaplanet… The 4th Company with the Most Bitcoin in the World…
Metaplanet Lines up $137M to Continue Bitcoin Acquisitions
Tokyo-listed Metaplanet has wrapped up a new equity and warrant issuance that may bring in as much as $137 million, capital it plans to deploy primarily toward expanding its bitcoin treasury. Japanese Bitcoin Treasury Firm Metaplanet Completes Share Issuance to Fund Bitcoin Strategy The financing involves a third-party allotment of new shares alongside the company’s […]
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