Metaplanet plans to raise $137 million for debt repayment and additional bitcoin purchases

Metaplanet Raises $137 Million to Reduce Debt and Expand Bitcoin Holdings

Tokyo-based bitcoin treasury firm Metaplanet is set to raise up to 21 billion yen ($137 million) through a share and warrant issuance to fund its ongoing bitcoin BTC $82,794.83 purchases and repay debt.

The company will issue 24.53 million new common shares at 499 yen each—about 5% above the prior close—raising roughly 12.24 billion yen upfront. Despite the premium, Metaplanet’s shares ended the day at 456 yen, down 4%, reflecting short-term dilution concerns.

The third-party allotment places shares directly with select investors rather than the public. Each new share includes 0.65 stock acquisition rights, totaling 15.94 million potential shares with 65% warrant coverage. The warrants carry a fixed exercise price of 547 yen and a one-year period, potentially generating an additional 8.9 billion yen if fully exercised, while limiting variable dilution.

Of the proceeds, 5.2 billion yen will go toward partial debt repayment. The remainder will support further bitcoin accumulation and general corporate purposes. Metaplanet currently holds 35,102 BTC, ranking fourth among publicly traded companies.