Metaplanet Launches $745M Fundraising to Expand Bitcoin Holdings

The Tokyo-listed firm aims to grow its Bitcoin reserves to 21,000 BTC by 2026, leveraging Asia's largest equity capital raise for cryptocurrency.

Metaplanet plans to issue 21 million shares via 0% discount moving strike warrants, raising $745 million to purchase Bitcoin.
The initiative is being described as Asia's largest-ever equity capital raise specifically for Bitcoin acquisition.
The company seeks to expand its Bitcoin holdings from 1,761 BTC to 10,000 BTC by the end of 2025 and to 21,000 BTC by 2026.
The fundraising approach minimizes shareholder dilution by tying share prices to market value at the time of purchase.
Metaplanet's strategy is driven by a focus on Bitcoin Yield as its primary performance metric, with a goal of becoming one of the largest corporate Bitcoin holders globally.