Metaplanet Considers $3.7 Billion Fundraise to Expand Bitcoin Holdings by 2027
Main Idea
Metaplanet plans to raise $3.7 billion through perpetual preferred shares to expand its Bitcoin holdings to 210,000 BTC by 2027, pending shareholder approval, aiming to become a leading Bitcoin-focused asset manager.
Key Points
1. Metaplanet's stock price declined by over 7% following the announcement of the $3.7 billion fundraise.
2. The fundraise will be conducted through perpetual preferred shares, a novel approach in Bitcoin financing.
3. Shareholder approval for the proposal is scheduled for an Extraordinary General Meeting on September 1, 2025.
4. The initiative aligns with Metaplanet's strategy to transition into a dominant Bitcoin-focused asset manager.
5. CEO Simon Gerovich emphasized the move as a way to enhance liquidity and shareholder value while committing to Bitcoin accumulation.
Description
Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! Metaplanet is raising
Latest News
- Gate Expands Global Compliance with US Licenses, Launches Crypto Trading Platform for Bitcoin and More2025-08-02 02:53:35
- Strategy’s Bitcoin Holdings Surpass 628,000 Coins Following $2.5 Billion Stock Offering, No Plans for 1.5 Million BTC2025-08-02 02:53:20
- Whale Alert: New Ethereum Address Accumulates Over 79,000 ETH Amid $22M Unrealized Loss2025-08-02 02:42:27
- Trump Promises Full Disclosure of Epstein Case Documents Amid Controversy2025-08-02 02:28:54
- New Ethereum Whale Accumulates Nearly $300 Million in ETH Amid Market Volatility and Uncertain Motives2025-08-02 02:28:35