Overview
- Tokyo-listed Metaplanet cleared a third-party placement of new shares and one-year warrants to raise up to ¥21 billion for its bitcoin program and balance sheet needs.
- The offering issues 24.53 million shares at ¥499 with 0.65 warrants per share exercisable at ¥547 for one year, a fixed-strike structure designed to stagger potential dilution.
- Use of proceeds earmarks about ¥14 billion for staged bitcoin purchases, roughly ¥5.1 billion for debt repayment, and about ¥1.5 billion to expand bitcoin income strategies such as options and lending.
- Allotment and payment are scheduled for Feb. 13, 2026, with warrants exercisable from Feb. 16, 2026 through Feb. 15, 2027, and securities placed with overseas institutional investors.
- Metaplanet holds 35,102 BTC and has outlined a multi-year goal to scale materially, as shares fell roughly 3–4% on the announcement on near-term dilution concerns.