Metaplanet Inc., known as Japan’s MicroStrategy, has announced a$ 745 million ( ¥116 billion ) fundraising initiative in what is being called” Asia’s largest-ever equity capital raise for Bitcoin”.
The Tokyo Stock Exchange-listed company intends to challenge 21 million shares of moving hit warrants with a 0 % discount, a kind of financial equipment where the price paid by investors for stock is directly related to the market price at the time of purchase.
This structure, in contrast to reduced warrants, avoids luting existing shareholder value and ensures that new promote release is consistent with good market prices.
The recently raised money may allow Metaplanet to increase its Bitcoin assets from 1, 761 to 10, 000 BTC by the end of 2025 and achieve 21, 000 BTC by 2026, according to a Tuesday statement.
” Our goal is to guide the Bitcoin enlightenment in Japan and become one of the largest business Bitcoin buyers on the planet,” said Metaplanet CEO Simon Gerovich.
The company’s latest Bitcoin investments, valued at more than$ 187 million, now place it among the best 15 publicly listed companies holding the commodity worldwide, as per CoinGecko information.
Metaplanet’s” 21 Million Plan” targets$ 745 million to purchase Bitcoin in stages ensuring the company can buy during favorable market conditions.
The issuance will begin on February 17, 2025, and it will be flexible, allowing Metaplanet to pause or re-examine the warrants as necessary.
” Our mission is to maximize Bitcoin per share for our shareholders”, said Dylan LeClair, director of Bitcoin Strategy at Metaplanet. ” Bitcoin is not just an asset, it’s the exit strategy. We’re here to accumulate and lead, not sell”.
Metaplanet’s fundraising plan follows a successful 2024, during which the company achieved a record 309.82 % BTC Yield in the fourth quarter, up from 41.7 % in the third quarter, as per the company statement.
The investment firm’s market capitalization surged by 7, 000 % after the adoption of the Bitcoin Standard, and its Bitcoin holdings, purchased at an average price of$ 74, 217 ( ¥11.85 million ) per coin, have already doubled in value.
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