{"id":130936,"date":"2026-01-29T14:50:07","date_gmt":"2026-01-29T14:50:07","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=130936"},"modified":"2026-01-29T14:50:07","modified_gmt":"2026-01-29T14:50:07","slug":"metaplanet-raises-up-to-137-million-to-buy-bitcoin-and-pay-off-debt","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=130936","title":{"rendered":"Metaplanet Raises Up to $137 Million to Buy Bitcoin and Pay Off Debt"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Metaplanet Raises Up to $137 Million to Buy Bitcoin and Pay Off Debt<\/a><\/p>\n

<\/div>\n

Metaplanet<\/a>, the Tokyo-listed bitcoin treasury company, plans to raise up to 21 billion yen ($137 million) through a new share and warrant issuance as it doubles down on its strategy<\/a> of accumulating bitcoin while reducing leverage.<\/p>\n

The company said<\/a> it will raise the funds via a third-party allotment of new common shares and stock acquisition rights placed directly with select investors, rather than through a public offering.<\/p>\n

Under the plan, Metaplanet will issue<\/a> 24.53 million new common shares priced at 499 yen per share \u2014 roughly 5% above the prior closing price \u2014 generating approximately 12.24 billion yen in upfront proceeds.\u00a0<\/p>\n

The firm\u2019s shares closed at 456 yen, down about 4%, reflecting near-term dilution concerns despite the premium pricing.<\/p>\n

Each newly issued share will be accompanied by 0.65 stock acquisition rights, equivalent to 15.94 million potential additional shares and representing 65% warrant coverage. The warrants carry a fixed exercise price of 547 yen and can be exercised over a one-year period. If fully exercised, they would generate an additional 8.9 billion yen in proceeds.<\/p>\n

Importantly, the warrants are fixed-strike instruments rather than moving-strike warrants, limiting variable dilution for existing shareholders.<\/p>\n

\u201cThe 65% warrant coverage exercisable at \u00a5547 for one year is a fixed strike,\u201d said Dylan LeClair, head of bitcoin strategy at Metaplanet. \u201cThe financing structure enables Metaplanet to capitalize on common stock volatility to sell shares at a premium to market while raising capital today.\u201d<\/p>\n

Metaplanet said 5.2 billion yen of the upfront capital will be used to partially repay existing debt. According to the company\u2019s dashboard, Metaplanet currently carries approximately $280 million in outstanding debt.<\/p>\n

Metaplanet will use the money to buy bitcoin<\/h2>\n

The remaining funds will primarily support further bitcoin purchases<\/a>, alongside general corporate purposes and the expansion of its bitcoin income-generation business, which includes options strategies and lending.\u00a0<\/p>\n

The firm said about 14 billion yen ($91.2 million) has been earmarked specifically for bitcoin accumulation, with an additional 1.5 billion yen ($9.8 million) allocated to income-generating activities.<\/p>\n

The board approved the financing at a meeting Thursday, with the allotment and payment date set for Feb. 13, 2026. The warrants will be exercisable from Feb. 16, 2026, through Feb. 15, 2027.<\/p>\n

Metaplanet currently holds 35,102 bitcoin, making it the fourth-largest bitcoin holder among publicly traded companies. The company has modeled its strategy on U.S.-based firms such as Strategy (formerly MicroStrategy), which remains the largest corporate holder with more than 700,000 BTC.<\/p>\n

The capital raise follows Metaplanet\u2019s recently announced long-term objective to acquire up to 210,000 BTC \u2014 roughly 1% of bitcoin\u2019s total supply \u2014 by 2027. The firm said the accumulation will occur in stages and be managed through its subsidiary, Metaplanet Lightning Capital.<\/p>\n

Despite bitcoin\u2019s recent pullback \u2014 with BTC trading near $87,800 at the time of publication \u2014 Metaplanet said it remains confident in the asset\u2019s medium- to long-term outlook. The company added that it expects the financing to have a minimal impact on its 2026 financial results and will disclose any material changes if necessary.<\/p>\n

This post Metaplanet Raises Up to $137 Million to Buy Bitcoin and Pay Off Debt<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Metaplanet Raises Up to $137 Million to Buy Bitcoin and Pay Off Debt Metaplanet, the Tokyo-listed bitcoin treasury company, plans to raise up to 21 billion yen ($137 million) through a new share and warrant issuance as it doubles down on its strategy of accumulating bitcoin while reducing leverage. The company said it […]<\/p>\n","protected":false},"author":0,"featured_media":130937,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-130936","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/130936"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=130936"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/130936\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/130937"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=130936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=130936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=130936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}