EddieJayonCrypto
9 Jun 25
Shares of Metaplanet (MTPLF) surged after the company announced plans for Asia’s largest-ever Bitcoin-focused equity raise, targeting ¥770.9 billion ($5.4 billion) to buy more Bitcoin. CEO Simon Gerovich stated the firm will issue 555 million moving strike warrants as part of this capital raise, sup...
Metaplanet is preparing Asia’s largest-ever Bitcoin-focused equity raise, aiming to issue ¥770.9 billion ($5.4 billion) in moving strike warrants to boost its Bitcoin holdings. This move has caused Metaplanet shares (MTPLF) to surge, with a 15% rise on the announcement day and a 24% increase since the previous Friday, reaching ¥1,554.
CEO Simon Gerovich revealed that the company will issue 555 million moving strike warrants, a financial instrument with a strike price that varies over time, as part of the capital raise. This strategy supports Metaplanet’s ambitious goal to acquire 100,000 BTC by 2026 and 210,000 BTC by 2027, which would represent 1% of the total Bitcoin supply.
Once primarily a hotel operator, Metaplanet has shifted its focus towards Bitcoin accumulation and currently holds the 10th-largest corporate Bitcoin position globally, just behind Coinbase Global. This significant equity raise underscores the company’s commitment to accelerating its transition powered by Bitcoin and represents a bold move in the intersection of traditional equity markets and cryptocurrency investment.