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2h ago

Metaplanet Plans ¥130 Billion Overseas Share Sale for Bitcoin Purchases

Shareholder approval on Sept. 1 would clear an international placement to finance scheduled September–October acquisitions.

Metaplanet shares jump 6% on international stock sale, financing moves
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Metaplanet to expand bitcoin treasury with $881 million capital raise

Overview

  • The board approved issuing up to 555 million new shares to raise about ¥130.334 billion (~$880–881 million), with roughly ¥123.818 billion (~$837 million) earmarked for Bitcoin buys and ¥6.516 billion (~$44 million) for a Bitcoin income program.
  • The offering will be conducted exclusively outside Japan, with U.S. sales limited to Qualified Institutional Buyers under Rule 144A.
  • The structure includes 180 million underwritten shares plus an overallotment option of up to 375 million, with book-building set for Sept. 9–11 and settlement expected around Sept. 16–18.
  • If approved, outstanding shares would increase from 722 million to about 1.27 billion, while the company suspends exercises of its 20th–22nd Series stock acquisition rights from Sept. 3–30 and redeems ¥5.25 billion of its 19th Series bonds.
  • The stock rose roughly 5.7–6% to about ¥890 after the announcement, and the company reports current holdings of 18,991 BTC valued near $2.1 billion.