Metaplanet Sets New Benchmark with Largest Capital Raise by an Asian-Listed Firm for Bitcoin Purchase.

Metaplanet Raises Record-Breaking Capital to Boost Bitcoin Holdings

Metaplanet (3350), a prominent Japanese hotel investment firm, has made history with the largest-ever capital raise in the Asian equity market to expand its bitcoin (BTC) treasury. The company issued 21 million shares through 0% discount moving strike warrants, generating approximately 116 billion yen ($745 million) in new capital. This structure allows warrant holders to purchase shares at the market price, ensuring minimal dilution for existing shareholders.

This capital raise aligns with Metaplanet’s “Bitcoin-first, Bitcoin-only” strategy, designed to increase its bitcoin holdings amid the yen’s devaluation and Bitcoin’s surge to new all-time highs. The issuance of stock acquisition rights was priced at 363 yen per unit ($2.33), with adjustable exercise prices linked to prevailing market values.

With this move, Metaplanet now holds 1,762 BTC, making it the fifteenth-largest publicly traded holder of bitcoin. The company’s stock closed up 3% on the day and has seen a 16% increase year-to-date, reflecting investor confidence in its crypto-focused strategy.