Crypto News: Metaplanet Raises $135 Million to Expand Bitcoin Holdings
The post Crypto News: Metaplanet Raises $135 Million to Expand Bitcoin Holdings appeared on BitcoinEthereumNews.com.
Metaplanet raises $135M through Class B shares to expand its Bitcoin treasury and fund income-focused BTC strategies. Metaplanet, often called “Asia’s MicroStrategy,” is moving aggressively to grow its Bitcoin holdings. The Japanese firm announced plans to raise ¥21.249 billion (around $135 million) via Class B preferred shares. The capital will be used primarily to buy more Bitcoin and support income-generating strategies tied to the cryptocurrency. Metaplanet’s $135 Million Bitcoin Strategy The company intends to allocate nearly ¥15 billion (approximately $95 million) to direct Bitcoin purchases. The remaining funds will go toward income-focused Bitcoin strategies and redeeming some corporate bonds. Metaplanet currently holds 30,823 Bitcoin, valued at roughly $2.8 billion, making it the world’s fourth-largest corporate Bitcoin holder. Metaplanet is set to raise another $135 million to buy Bitcoin | source: X By raising more capital, the firm aims to reinforce Bitcoin’s role in its balance sheet as a hedge against inflation and monetary instability. How the Class B Preferred Shares Work Metaplanet’s new Class B shares, named MERCURY, are designed for overseas investors. These shares do not carry voting rights but include several financial advantages for investors: Dividend payments are calculated using a notional ¥1,000 per share and investors have an option to convert Class B shares into common stock at predefined pricing.Investors also get cash redemption rights if the shares are not listed on the Tokyo Stock Exchange by late 2026 and additional redemption triggers in case of corporate restructuring or delisting.The overseas allotment will create 23.61 million Class B shares, priced at ¥900 per share and the scheduled issue date is December 29. Strengthening the Bitcoin Treasury Model Since last year, Metaplanet has positioned itself as a Bitcoin treasury company. The strategy involves allocating reserves toward Bitcoin through multiple capital raises. This approach has become a defining…
