Metaplanet greenlights $137M international funding round for Bitcoin acquisition and debt reduction
The Tokyo-listed firm announced that funds raised will support Bitcoin acquisitions, expansion of its Bitcoin-related income operations, and settling portions of outstanding debt obligations under its strategic capital plan.
Metaplanet, a Bitcoin-centric firm trading on the Tokyo exchange, has given approval for an international capital-raising initiative worth as much as $137 million, blending fresh common stock issuance with stock acquisition rights in a bid to grow its Bitcoin portfolio while simultaneously lowering its debt burden.
According to a filing released Thursday, the company intends to distribute 24.5 million shares of common stock priced at 499 Japanese yen each, generating approximately 12.24 billion yen ($78 million) in immediate capital. Additionally, Metaplanet has authorized 159,440 stock acquisition rights that correspond to as many as 15.9 million extra shares, potentially securing another $56 million should these rights be fully exercised.
These warrants provide holders with the opportunity to purchase shares at a later date using a predetermined price that exceeds current market valuations, with availability limited to the coming year. The company will offer both the newly issued shares and the warrants through private placement to international investors, pending standard completion requirements, the filing indicated.
Dylan LeClair, Bitcoin strategy director at Metaplanet, explained that this framework was crafted to secure funding while controlling shareholder dilution. "The financing structure enables Metaplanet to capitalize upon the volatility of its common stock to sell shares at a premium to market while raising capital today," LeClair wrote on X.
Use of proceeds and Bitcoin strategy
Within the stated objectives section of its regulatory disclosure, Metaplanet outlined that funds generated through this offering will be directed predominantly toward acquiring more Bitcoin, channeling investments into its Bitcoin-generating income operations, and making a partial settlement of outstanding loans within an active credit arrangement.
According to the company's statement, reducing debt obligations serves the purpose of rebuilding its available credit line and maintaining operational agility for subsequent capital initiatives.
Metaplanet further reinforced its identity as a "Bitcoin Treasury Company," pointing to Bitcoin (BTC) scarcity characteristics and its portability as key justifications for maintaining the cryptocurrency as a medium- to long-term wealth preservation instrument.
The firm currently ranks as the fourth-largest publicly-traded entity holding Bitcoin on a global scale. Data from Bitcoin Treasuries shows Metaplanet possesses 35,102 BTC, representing a value exceeding $3 billion.
Metaplanet broadens fundraising reach
This most recent capital-raising initiative expands upon Metaplanet's ongoing endeavors to create variety in its financing channels beyond traditional common stock offerings, utilizing a combination of equity shares, warrant instruments and preferred securities to access international investor markets.
On Dec. 22, the firm authorized the distribution of dividend-generating preferred stock to overseas institutional investors, enhancing its available capital-raising mechanisms. This development represented a strategic pivot toward employing varied financial instruments in conjunction with its Bitcoin-centered balance sheet approach.
The current filing also comes after a distinct announcement made on Monday, during which Metaplanet increased its revenue projections for 2026 notwithstanding the recording of a substantial non-cash Bitcoin impairment charge.