Metaplanet to Raise Another $3.7 Billion for Further Bitcoin Purchases
Main Idea
Metaplanet Inc. plans to significantly increase its Bitcoin holdings and raise capital through preferred shares, aligning with its broader financial strategy.
Key Points
1. Metaplanet Inc. aims to increase its authorized shares from 1.61 billion to 2.723 billion, potentially raising up to ¥555 billion ($3.7 billion).
2. The company plans to acquire 210,000 BTC by 2027, starting with 10,000 BTC by the end of 2025 and 21,000 BTC by the end of 2026.
3. Metaplanet has achieved a 430.2% BTC yield, with its market capitalization up over 190% year-to-date.
4. The company currently holds 17,132 BTC, ranking 7th on BitcoinTreasuries, with a value of $197 billion.
Description
One of the many companies to convert to a BTC treasury has made adjustments to its already ambitious plans for accumulating the asset. The former hotel business has posted some impressive numbers since its transition, and it is maintaining this pace. The Issuance Strategy The publicly traded company, Metaplanet Inc., listed on the Tokyo Stock Exchange, has released a notice stating that it plans to increase the total number of authorized shares (the maximum legal amount possible) that it can iss...
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