Nexo Earn with Nexo
Metaplanet targets $137M capital raise to expand Bitcoin holdings

Metaplanet targets $137M capital raise to expand Bitcoin holdings

The Bitcoin treasury firm diversifies its investment portfolio with ambitions to greatly increase its Bitcoin holdings.

Share

Add us on Google
by Vivian Nguyen

Metaplanet, Japan’s first publicly listed Bitcoin treasury firm, is raising $137 million through a new stock offering and warrants to expand its Bitcoin holdings, the company announced via its official X account.

The funds will also be used to expand the company’s Bitcoin Income business and partially repay its Credit Facility borrowings, thereby maintaining borrowing capacity for future initiatives.

Metaplanet has diversified beyond its original hotel management business to focus on Bitcoin accumulation as a core treasury strategy. The company currently holds over 35,000 BTC worth $3 billion, ranking it the fourth-largest corporate holder of Bitcoin.

The Tokyo-based investment firm has set a target of acquiring 210,000 BTC by 2027, which would represent 1% of Bitcoin’s total supply.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
BITCOIN

Metaplanet targets $137M capital raise to expand Bitcoin holdings

Metaplanet targets $137M capital raise to expand Bitcoin holdings

The Bitcoin treasury firm diversifies its investment portfolio with ambitions to greatly increase its Bitcoin holdings.

by Vivian Nguyen

Share

Add us on Google

Metaplanet, Japan’s first publicly listed Bitcoin treasury firm, is raising $137 million through a new stock offering and warrants to expand its Bitcoin holdings, the company announced via its official X account.

The funds will also be used to expand the company’s Bitcoin Income business and partially repay its Credit Facility borrowings, thereby maintaining borrowing capacity for future initiatives.

Metaplanet has diversified beyond its original hotel management business to focus on Bitcoin accumulation as a core treasury strategy. The company currently holds over 35,000 BTC worth $3 billion, ranking it the fourth-largest corporate holder of Bitcoin.

The Tokyo-based investment firm has set a target of acquiring 210,000 BTC by 2027, which would represent 1% of Bitcoin’s total supply.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.