Metaplanet, Japan’s first public company to adopt Bitcoin as a core treasury asset, has announced a massive international stock offering worth approximately $1.4 billion. The Tokyo-listed firm will issue 385 million new shares at about $3.75 each, significantly increasing its fundraising plan from an initial 180 million shares.
According to its filing, the proceeds, around $1.2 billion, will be directed mainly toward Bitcoin acquisitions, while a smaller portion will support its bitcoin income-generation business. As of September 1, Metaplanet holds 20,136 BTC, making it the sixth-largest corporate bitcoin holder globally.
The company, which also generates revenue through bitcoin options trading, cited Japan’s strained economy, negative interest rates, and yen depreciation as reasons for adopting BTC as its strategic reserve asset. In a recent disclosure, Metaplanet confirmed it had purchased an additional $15 million worth of bitcoin, reinforcing its long-term accumulation strategy. The firm closed Tuesday with a $3.6 billion market capitalization, despite a slight decline in its share price.
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