A prominent Japanese investment firm, Metaplanet, has unveiled plans to raise up to $62 million through a new series of stock acquisition rights. This strategic move aims to bolster the company’s Bitcoin holdings, further solidifying its status as a leading player in the cryptocurrency market.
Metaplanet’s initiative involves issuing approximately 29,000 units of stock acquisition rights, each allowing the purchase of 100 common shares at a subscription price of 614 yen. Should all units be acquired, the firm anticipates raising a total of around 9.5 billion yen (about $62 million). The funds will primarily be directed towards enhancing its Bitcoin treasury, which currently stands at over 1,100 BTC, valued at approximately $109 million.
The company has been actively acquiring Bitcoin since April 2024, and this latest fundraising effort reflects its commitment to a *Bitcoin-first* treasury management strategy. CEO Simon Gerovich emphasized the importance of Bitcoin as a “store of value,” particularly in light of recent fluctuations in the Japanese yen and stock market volatility.
In addition to this fundraising announcement, Metaplanet’s stock has experienced significant growth, rising 102% over the past month—outperforming Bitcoin itself, which saw a 36% increase during the same period. The company’s shares are now being traded with heightened interest, having recently been added to the Amplify Transformational Data Sharing ETF (BLOK), which focuses on companies involved in blockchain and digital asset innovation.
As Metaplanet continues to navigate the evolving landscape of digital assets, it aims not only to enhance its Bitcoin reserves but also to contribute positively to shareholder value and global Bitcoin adoption.
