Japanese investment firm, Metaplanet has announced a plan to raise 9.5 billion Japanese yen, worth $62 million, through a stock acquisition scheme. This move marks another step in boosting its Bitcoin portfolio. It aligns\u00a0with the company\u2019s strategic focus on reducing exposure to the depreciating Japanese yen while leveraging Bitcoin\u2019s long-term growth potential.<\/p>\n
The company\u2019s Board of Directors approved the allocation of\u00a029,000 units of its 12th Stock Acquisition Rights to EVO FUND, a Cayman Islands-based investment entity, under a third-party allotment scheme.<\/p>\n
The proceeds<\/a> will primarily fund the acquisition of additional Bitcoin, strengthening Metaplanet\u2019s existing treasury of 1,142 BTC, valued at over $109 million as of November 28, 2024. The offering is structured to raise capital dynamically, adjusting the exercise price of the stock acquisition rights based on market conditions. This approach allows for flexibility while mitigating excessive dilution of existing shares, though the process will result in an estimated 8% dilution.<\/p>\n According to the company, this initiative highlighted its vision of becoming a \u201cBitcoin-first\u201d treasury management entity.<\/p>\n \u201cWe are prioritizing a Bitcoin-first, Bitcoin-only approach to treasury management. We have made it clear that we intend to utilize debt and periodic stock issuance to systematically increase our Bitcoin holdings while reducing exposure to a depreciating yen.\u201d<\/p>\n Metaplanet\u2019s strategy also considers Japan\u2019s economic environment, with persistent yen depreciation and inflation adding urgency to its Bitcoin-focused treasury transformation. The funds are expected to be utilized between December 2024 and June 2025, with a smaller portion allocated to operational expenses.<\/p>\n Closely following MicroStrategy\u2019s Bitcoin-focused financial strategy, Metaplanet started its BTC acquisitions in April. The firm has amassed 1,142 Bitcoin so far, valued at over $109 million, marking a bold commitment to cryptocurrency investments.<\/p>\n Earlier this month, the Tokyo-listed company approved<\/a> a one-year debt issuance worth \u00a51.75 billion, valued at around $11.3 million, at 0.36% annual interest during its November 18 board meeting. As reported earlier, proceeds will fund Bitcoin purchases, supporting the company\u2019s strategy to grow its cryptocurrency reserves. The bonds, redeemable at face value on November 17, 2025, will be drawn after guarantee arrangements are finalized.<\/p>\n The post Metaplanet Secures $62M to Buy Bitcoin Portfolio via 12th Stock Acquisition Rights<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Japanese investment firm, Metaplanet has announced a plan to raise 9.5 billion Japanese yen, worth $62 million, through a stock acquisition scheme. This move marks another step in boosting its Bitcoin portfolio. It aligns\u00a0with the company\u2019s strategic focus on reducing exposure to the depreciating Japanese yen while leveraging Bitcoin\u2019s long-term growth potential. The company\u2019s Board […]<\/p>\n","protected":false},"author":0,"featured_media":24467,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-24466","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\/24466"}],"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=24466"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/24466\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/24467"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Bitcoin Acquisition Strategy<\/h2>\n