Metaplanet eyes $135M raise via new Class B shares to fuel more Bitcoin buys

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Metaplanet plans to rise $135 cardinal done the issuance of caller Class B perpetual preferred shares arsenic portion of a broader restructuring tied to its Bitcoin treasury strategy.

Metaplanet eyes $135M rise via caller Class B shares to substance much Bitcoin buys

Metaplanet is preparing different large superior rise done the issuance of its caller Class B perpetual preferred shares to grow its Bitcoin-focused treasury strategy.

According to filings submitted to the Tokyo Stock Exchange, the steadfast plans to contented 23.6 cardinal Class B shares astatine 900 yen ($5.71) each, bringing the full rise to 21.2 cardinal yen (roughly $135 million). The offering volition beryllium executed done a third-party allotment to overseas investors, pending support astatine an bonzer shareholder gathering acceptable for Dec. 22, 2025.

The caller Class B shares travel with a fixed yearly dividend of 4.9% connected a $6.34 notional amount, translating to $0.078 per 4th erstwhile regular payments begin. Holders volition person the close to person the preferred shares into communal banal astatine a $6.34 conversion price.

However, the institution retains a market-price telephone enactment that tin beryllium exercised if the banal trades supra 130% of the liquidation penchant for 20 consecutive trading days. The shares are non-voting but transportation redemption rights nether circumstantial events.

Metaplanet cancels aged warrants

The superior rise is paired with a broader restructuring of Metaplanet’s financing instruments. The institution plans to cancel its 20th done 22nd banal acquisition rights and contented caller 23rd and 24th bid rights to Cayman Islands–based concern money Evo Fund, taxable to regulatory approval.

In an accompanying station connected X, Metaplanet CEO Simon Gerovich revealed that the company’s caller Class B perpetual preferred equity programme is called Mercury.

“4.9% fixed dividend. ¥1,000 conversion price. A caller measurement successful scaling Metaplanet’s Bitcoin treasury strategy,” helium wrote.

Metaplanet shares ended the time up by 3.20%, gaining 12 points. However, the company’s banal is down by implicit 60% implicit the past six months, according to information from Google Finance.

Metaplanet’s Bitcoin stake heavy successful the red

Metaplanet, the fourth-largest nationalist institution globally successful Bitcoin (BTC) holdings, present holds 30,823 BTC, worthy astir $2.82 billion, according to BitcoinTreasuries.NET.

The institution acquired its Bitcoin stash astatine an mean acquisition terms of $108,036 per BTC, presently sitting connected a -15.17% unrealized loss, down sharply from October highs.