Metaplanet Stock Climbs 6% Amid International Equity Sale and Financing Efforts

Metaplanet Inc. (3350) surged 5.7% on Wednesday after unveiling a series of strategic capital initiatives, including an international share sale, warrant updates, early bond redemptions, and a temporary suspension of select stock rights.

International Share Sale
The Tokyo-based company plans to issue up to 555 million new shares to foreign investors, pending shareholder approval at an extraordinary general meeting on September 1. The offering is expected to raise roughly 130.3 billion yen ($880 million), with the majority allocated to bitcoin (BTC) purchases and the remainder supporting its bitcoin income-generation business. The move aims to expand Metaplanet’s bitcoin net asset value (NAV) and strengthen relationships with global institutional investors.

Warrant Exercises and Equity Update
From August 14 to 26, investors exercised 275,000 units of the 20th Series Stock Acquisition Rights, generating 27.5 million new shares at prices between 834 and 966 yen. This raised the company’s total shares outstanding to 739.7 million.

Bond Redemption
Metaplanet also redeemed 5.25 billion yen of the 19th Series Ordinary Bonds early, supplementing prior redemptions in July and August, reducing liabilities ahead of the bonds’ scheduled maturity in December.

Temporary Suspension of Stock Rights
The company will suspend exercises of the 20th, 21st, and 22nd Series Stock Acquisition Rights from September 3 to 30. Currently, 360,000 units remain unexercised for the 20th Series and 1.85 million units each for the 21st and 22nd Series. Metaplanet retains flexibility to adjust or resume the suspension if necessary.

Metaplanet shares closed at 890 yen, reflecting investor confidence in the company’s strategic capital maneuvers.