Metaplanet, the Tokyo-notified company that now places itself as a bitcoin
-Focused Treasury Company, has launched a $ 5.3 billion plan to buy more BTC by issuing 555 million shares through stock purchase rights.
The deal, says Metaplanet, is the largest issuance of stock options ever in Japan, and the first time relocation of strike options, where the exercise price is adjusted with the market, has been sold to the current current stock prices in the country.
The offer is part of what the company calls its “555 million plan”, a follow -up to its previous “21 million plan”, which raised $ 600 million earlier this year and helped the Metaplanet gather nearly 9,000 BTC.
The new round aims to raise enough funds to increase its stocks to over 210,000 BTC in 2027, approx. 1% of the total Bitcoin supply.
Metaplanet allocates nearly 96% of the capital collected to buy Bitcoin directly, with smaller amounts earmarked for bond redemptions and income -generating strategies such as selling put options.
The company sees BTC as a hedge against Japan’s long -term negative interest rates and weakens yen.
To reduce dilution and protect shareholders, the issue comes with a minimum price and gives the company the right to temporarily suspend conversions. Shares will be sold to Evo Fund, a Cayman-based fund that has supported the Metaplan’s previous financing agreements.
Metaplan’s shares have risen more than 275% so far this year as the company is accompanied by its BTC accumulation plan. They closed 1.6% in Friday’s trade session.
Read more: Metaplanet acquires 1,088 Bitcoin to bring BTC Stash to over $ 930m
