CryptoFinance & Economy

[NEWS] Metaplanet announces plan to raise up to 9.5 billion yen to purchase Bitcoin

2024/11/29 17:48 (Updated 2025/02/12 14:43)
Editors of Iolite
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[NEWS] Metaplanet announces plan to raise up to 9.5 billion yen to purchase Bitcoin

Most of the money was used to buy Bitcoin

Metaplanet, listed on the Tokyo Stock Exchange Standard Exchange, announced on the 28th that it plans to issue stock acquisition rights and raise up to approximately 9.5 billion yen. The majority of the funds will be used to purchase Bitcoin (BTC).

Of the funds raised, approximately 9.1 billion yen will be used to purchase Bitcoin, and the planned period for expenditure is from December 2024 to June 2025. The remainder will be used as working capital. In addition, if surplus funds are generated from existing hotel business or Bitcoin-related derivative trading income, they may not be used for working capital but may be used for additional Bitcoin purchases or operations using Bitcoin.

Metaplanet stated that "it is necessary to raise funds and purchase Bitcoin as soon as possible," indicating its intention to continue purchasing and increasing Bitcoin.

Moving forward with the "Bitcoin First, Bitcoin Only" approach

Metaplanet has been actively investing in and utilizing Bitcoin since the beginning of this year. Through this "Bitcoin first, Bitcoin only" approach, they are building a financial strategy through Bitcoin, rather than the weakening yen. On the 18th of this month, Metaplanet also announced that they would raise funds through the issuance of corporate bonds.

Metaplanet's Bitcoin holdings were 1,142.287 BTC as of the 19th of this month. At the time of writing, the value of the Bitcoin holdings was 16 billion yen.

Metaplanet's CEO Simon Gerovich commented, "We will further strengthen our position as Asia's first Bitcoin treasury company." He added, "We will directly increase the Bitcoin holdings per share, which means that each Metaplanet share will represent a larger proportion of the total Bitcoin holdings," and "By raising funds in this way, we will be able to increase our Bitcoin holdings at a pace that exceeds the increase in the number of shares issued, providing clear benefits to shareholders."

Reference: Announcement
Image: Shutterstock

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Iolite Vol.14

July 2025 issueReleased on 2025/05/30
Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.