Metaplanet, one of the top five corporate holders of Bitcoin in the world, has announced the raising of $255 million through a private placement of shares among institutional investors. This deal is a key element of the company’s strategy, which aims to increase its Bitcoin portfolio to 210,000 BTC.
This is reported by Business • Media
Capital Raising Mechanism and Terms of the Deal
As part of the private placement (PIPE), Metaplanet directly issued shares to institutional clients. As noted by the company’s CEO, Simon Gerovich, the operation also involves warrants—financial instruments that grant the right to purchase shares at a fixed price above the current market price.
“Metaplanet has raised ~$255m from global institutional investors via a placement of new shares priced at a 2% premium, paired with fixed-strike warrants at a 10% premium that monetize our equity volatility for up to ~$276m in additional capital upon exercise. Up to ~$531m in…”
If the warrants are exercised, the company could receive an additional $276 million, bringing the total potential capital to $531 million when combined with the already raised $255 million. The premium on the shares was set at 2%, while the premium on the warrants was 10%. The specific price of the securities under the warrants is not disclosed.
Impact on Metaplanet’s Portfolio and Market Position
According to Gerovich, this scheme helps to “monetize the volatility of the company’s shares.” Metaplanet, like other companies with large cryptocurrency reserves, has faced a decline in share value amid the recent correction in the Bitcoin market. The funds raised will be directed towards further increasing the Bitcoin portfolio in line with the strategy announced in September 2025, aiming to reach 210,000 BTC by 2027.
According to the company’s official website, Metaplanet currently holds 35,102 BTC. Its mNAV (market value of assets to capitalization ratio) stands at 1.42 with a threshold value of 1, indicating a strong market position.
The announcement of the news positively impacted the market value of Metaplanet’s shares. Over the course of a day, the stock price increased by nearly 5%.
However, it remains unclear whether the rise in shares is directly related to the influx of new capital or if it was also influenced by the overall increase in Bitcoin prices.