Metaplanet launches Bitcoin equity financing plan, aiming for a position of 210,000 BTC
Metaplanet CEO Simon Gerovich announced that the company has launched a Bitcoin-specific equity financing plan with a total scale of 770.9 billion yen (approximately 5.4 billion USD), to be achieved through the issuance of 555 million "mobile exercise warrants." This is the first time in Japan that such a product is issued at a premium above market price, thanks to Metaplanet's high volatility and liquidity.
This plan continues the successful experience of the previous "210 Million Plan," which raised 93.3 billion yen (approximately 650 million USD) within 60 trading days, achieving a BTC yield of 189%, with the stock price having more than tripled since the announcement, and the company's Bitcoin holdings ranking among the top ten globally.
Metaplanet has set a new target: to hold 100,000 BTC by the end of 2026 and increase to 210,000 BTC by the end of 2027, accounting for 1% of the total Bitcoin supply. Gerovich stated that the company is accelerating towards a future centered on Bitcoin.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US regulators postpone approval of AI chip rental price futures for at least 60 days
Federal Reserve Turns Hawkish Again! This Year's Voting Member Logan: At Least Two More Rate Hikes Needed, Pace May Accelerate
On Tuesday, following Federal Reserve Governor Waller’s call to consider a 50 basis point rate hike at the December meeting, this year’s FOMC rotating voting member Lorie Logan reiterated a hawkish stance, stating, "Given the current economic outlook, I believe at least two more rate hikes of 25 basis points each are needed. The pace of rate hikes this winter may be faster than what we have seen so far this autumn." On Tuesday, the two-year US Treasury yield jumped 19 basis points in a single day, reaching 4.74%.
Crypto prices
More
