Shares of Metaplanet Surge 6% on International Offering and Funding Activity

Metaplanet Inc. (3350) rose 5.7% Wednesday following the announcement of a comprehensive capital strategy, including an international share offering, updates on warrant exercises, early bond redemptions, and a temporary suspension of select stock rights.

Global Share Offering
The Tokyo-based firm plans to issue up to 555 million new shares via an international offering, subject to shareholder approval at an extraordinary general meeting on September 1. The transaction is expected to raise around 130.3 billion yen ($880 million), primarily allocated to bitcoin (BTC) acquisitions, with a smaller portion funding its bitcoin income-generating business. The move aims to expand Metaplanet’s bitcoin net asset value (NAV) and enhance engagement with global institutional investors.

Warrant Exercises and Share Increase
Between August 14 and 26, investors exercised 275,000 units of the 20th Series Stock Acquisition Rights, leading to the issuance of 27.5 million new shares at prices ranging from 834 to 966 yen. Total shares outstanding now stand at 739.7 million.

Bond Redemption
Metaplanet also redeemed 5.25 billion yen of its 19th Series Ordinary Bonds early, adding to redemptions carried out in July and August, further reducing liabilities ahead of the bonds’ December maturity.

Temporary Suspension of Stock Rights
The company will suspend exercises of the 20th, 21st, and 22nd Series Stock Acquisition Rights from September 3 to 30. Unexercised rights currently include 360,000 units for the 20th Series and 1.85 million units each for the 21st and 22nd Series. The suspension may be adjusted or resumed as needed.

Metaplanet shares closed at 890 yen, reflecting market optimism toward its strategic financing initiatives.