Metaplanet upsizes share offering to $1.4B to aggressively acquire more Bitcoin

Metaplanet upsized its planetary stock offering from 180 cardinal to 385 cardinal shares, raising astir $1.4 cardinal to money further Bitcoin (BTC) purchases.

The institution announced connected Sept. 9 that it had accrued the offering by 205 cardinal shares successful effect to beardown capitalist demand, pricing the shares astatine 553 yen ($3.75) each with a 9.93% discount from the notation terms of 614 yen ($4.16).

The enlarged offering volition summation Metaplanet’s full outstanding shares from 755.9 cardinal to 1.14 cardinal shares. President Simon Gerovich confirmed the finalization on societal media.

Metaplanet plans to allocate 183.7 cardinal yen ($1.25 billion) for Bitcoin purchases and 20.4 cardinal yen ($138.7 million) for its Bitcoin income procreation concern betwixt September and December.

The backing supports Metaplanet’s program to acquire 210,000 Bitcoin by 2027, representing astir 1% of Bitcoin’s full supply.

Metaplanet presently holds 20,136 Bitcoin valued astatine implicit $2.24 billion, making it Asia’s largest firm Bitcoin holder and the sixth-largest globally, surpassing Riot Platforms.

The institution acquired 1,145 BTC successful September for astir $127.2 million.

Transitioning into a caller concern model

Metaplanet adopted Bitcoin arsenic its superior treasury reserve plus to hedge against these risks portion pursuing semipermanent superior appreciation.

The institution disclosed its modulation to Bitcoin treasury absorption successful May 2024 arsenic portion of its “Strategic Treasury Transformation and Bitcoin Adoption” policy.

Metaplanet’s Bitcoin income procreation concern recorded 1.904 cardinal yen (nearly $13 million) successful income gross during the 2nd 4th of the fiscal twelvemonth 2025. The effect represents the company’s efforts to make output from its Bitcoin holdings beyond elemental appreciation.

The stock offering operation includes underwriter acquisition rights for up to 375 cardinal shares, with an further 180 cardinal shares disposable done overallotment options. Final colony and transportation are scheduled betwixt Sept. 16 and 17.

The company’s assertive Bitcoin accumulation strategy positions it among a increasing fig of corporations adopting BTC arsenic a treasury asset, pursuing the way established by Strategy and different organization adopters successful the cryptocurrency space.

The station Metaplanet upsizes stock offering to $1.4B to aggressively get much Bitcoin appeared archetypal connected CryptoSlate.