Japan’s Metaplanet authorised a $137M abroad capital increase to purchase Bitcoin, fund its Bitcoin enterprise, and repay a part of its debt.
Tokyo-listed Metaplanet has authorised an abroad fundraising plan of as much as $137 million.
The corporate goals to increase Bitcoin holdings and scale back present debt. The choice displays a continued deal with Bitcoin as a treasury asset and funding diversification.
Abroad capital increase construction
Metaplanet stated it is going to situation 24.5 million widespread shares to abroad traders. The shares are priced at 499 Japanese yen every.
The providing is anticipated to boost about 12.24 billion yen, or $78 million.
The corporate additionally authorised the issuance of 159,440 inventory acquisition rights. These rights signify as much as 15.9 million extra shares.
If totally exercised, they may increase round $56 million. The inventory acquisition rights enable traders to purchase shares later at a set value.
The train interval runs for one yr. Each devices can be offered privately and stay topic to closing circumstances.
Use of proceeds and Bitcoin technique
Metaplanet stated most proceeds will fund extra Bitcoin purchases. Some capital will assist its Bitcoin earnings enterprise. A portion may even be used for partial debt compensation.
The corporate acknowledged that debt compensation will restore borrowing capability. It can additionally present flexibility for future financing actions.
The compensation pertains to borrowings beneath an present credit score facility.
Metaplanet described itself as a Bitcoin Treasury Firm within the submitting. It cited Bitcoin shortage and portability. The agency views Bitcoin as a medium- to long-term retailer of worth.
Managing dilution and investor strategy
Metaplanet Bitcoin technique director Dylan LeClair commented on the construction on X.
“The financing construction permits Metaplanet to capitalize upon the volatility of its widespread inventory,” he stated. He added that it permits share gross sales at a premium whereas elevating capital now.
Notice, the 65% warrant protection exercisable at ¥547 for 1-year are mounted strike (not MS warrants).
The financing construction of permits Metaplanet to capitalize upon the volatility of its widespread inventory to promote shares at a premium to market whereas elevating capital immediately.
— Dylan LeClair (@DylanLeClair) January 29, 2026
The corporate stated the construction balances capital wants and shareholder dilution. Warrants solely convert if traders train them later. This strategy spreads dilution danger over time.
Metaplanet stays among the many largest company Bitcoin holders. Knowledge from Bitcoin Treasuries exhibits it holds 35,102 BTC. The holdings are valued at greater than $3 billion.
Associated Studying: Metaplanet Spends $451M on Bitcoin, Holdings Surpass 35,000 BTC
Broader fundraising efforts
The abroad increase follows current funding modifications by Metaplanet. The corporate has expanded past widespread fairness. It now makes use of a number of capital devices.
In December, Metaplanet authorised dividend-paying most popular shares. These have been aimed toward abroad institutional traders. The transfer broadened its funding base.
The corporate additionally up to date its income outlook earlier this week. It lifted its 2026 forecast regardless of a non-cash Bitcoin impairment. The replace reaffirmed its Bitcoin-focused steadiness sheet technique.