Metaplanet Shares Slide 3.5% After $127M Bitcoin-Focused Capital Raise
Metaplanet Inc. (OTC:MTPLF) has approved a $127 million capital raise through a third-party allotment by issuing new shares to buy more Bitcoin (CRYPTO: BTC), but the stock is down by 3.5%
The Capital Raise Structure
Metaplanet is issuing 24.53 million new common shares at ¥499 per share through a third-party allotment, raising approximately ¥12.24 billion ($127 million) with settlement scheduled for February 13.
The company also issued 159,440 warrants (called Stock Acquisition Rights in Japan) priced at ¥523 each with an exercise price of ¥547 per share.
If exercised, the warrants generate an additional ¥8.8 billion and add 15.94 million shares.
The total potential dilution: 3.54% from the base offering, with cumulative dilution reaching 23.99% when combined with prior financings executed in the last six months.
Where The Money Goes
¥14 billion ($115 million) goes to Bitcoin purchases between February 2026 and February 2027.
¥1.56 billion ($13 million) funds Bitcoin income …
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