According to a statement on January 28, Japan's Bitcoin Investment Company Metaplanet has announced plans to raise 116 billion yen ($ 745 million) through the issuance of 21 million shares.
According to the company, a significant increase in capital is used to strengthen the company's bitcoin holdings.
Dylan Recrealea, director of Bitcoin Strategy, emphasized the importance of this initiative, indicating that it provides the largest stock in Asia in Asia, which explicitly the acquisition of bitcoin.
stock
Metaplanet stated that 21 million shares would be available as part of a 0 % discount strike warrant structure.
As a result, the buyer can purchase the company's stock at a fixed price related to the closing price of the stock on the preliminary date.
This is added as marking the 13th to 17th stock acquisition rights assigned to the EVO fund. The exercise period for these warrants will be executed from February 18, 2025 to February 17, 2027.
Metaplanet's total stock increases 21 million when all warrants are exercised, and has a dilution rate of about 53.61 %.
However, the company has revealed that the dilution gradually occurs during the two years of exercise.
Active bitcoin plan
With a raise, Meta Planet aims to significantly increase BTC holding as part of a widespread encryption -centered strategy.
The company has a 1,762 BTC (equivalent to $ 18.166 million), but has expanded its reserve to 10,000 BTC by the end of 2025 and expanded to 21,000 BTC by 2026.
According to the company, this aggressive approach has recently been consistent with the goal of using bitcoin as a reliable value storage in a circle approaching 160 yen per 160 yen.
Considering this, Meta Planet states:
“The company aims to raise funds as much as possible and convert to bitcoin to maintain asset value.
Therefore, Meta Planet plans to assign the planned 11.6 billion yen to direct Bitcoin.
The remaining 5 billion yen supports Bitcoin Financial Tasks and generates revenue through optional transactions. These projects have made a profit of more than 500 million yen last year.
Metaplanet concluded that this strategy would increase long -term growth and increase shareholder value.
