Japan-listed company Metaplanet has approved an overseas capital raise of up to $137 million to expand its Bitcoin holdings and reduce debt.
The plan includes issuing new shares and stock acquisition rights to overseas investors. The initial share sale is expected to raise around $78 million, with an additional $56 million possible if warrants are exercised over the next year.
Metaplanet said the structure helps raise capital while managing shareholder dilution. Proceeds will be used mainly to buy more Bitcoin, invest in its Bitcoin income business, and repay part of its existing debt.
The company described itself as a “Bitcoin Treasury Company,” citing Bitcoin’s scarcity and portability as reasons for holding it as a long-term store of value.
Metaplanet is currently among the world’s largest corporate Bitcoin holders, with more than 35,000 BTC on its balance sheet.
The move follows earlier efforts to diversify funding sources, including issuing preferred shares, as the company deepens its Bitcoin-focused financial strategy.
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