Metaplanet made history in the country’s capital markets by issuing 555 million shares of moving-strike warrants, which could bring in $5.4 billion to buy more Bitcoin.
This is the first time that moving-strike warrants have been offered above the current stock price in Japan, and it is also the nation’s largest issuance of stock acquisition rights.
Largest Stock Acquisition Rights Issuance in Japan
The price at which warrant holders can purchase shares varies based on the stock’s value. It helps the company encourage shareholder interest in the future performance of the stock. There’s no upper limit to buying stocks (100 shares per stock). However, a lower limit has been set at 777 JPY.
The decision to issue 555 million shares using warrants makes Metaplanet’s equity-linked fundraising the biggest in the history of the Japanese capital market.
Driving Bitcoin Treasury Growth
The company has declared that the $5.4 billion in proceeds will be used right away to expand its Bitcoin treasury. With this strategy, Metaplanet continues to believe that Bitcoin is a stable investment and asset for portfolio diversification.
Recent On-Chain Purchase of 1,088 BTC
Backing up its fundraising ambitions, Metaplanet executed a major on-chain Bitcoin buyout on June 2, adding 1,088 BTC (valued at approximately $74 million at the time) to its holdings.
Lookonchain reported this acquisition by sharing an X post that showed that the company sticks to a careful, well-researched strategy. The purchase of Bitcoin has pushed the firm’s treasury over 8,000 BTC, which is worth more than $540 million.
How Investors And Traders View This Development?
After receiving a warrant, Metaplanet’s stock price increased as investors became excited about the company’s new capital plans and its rapid purchase of Bitcoin. Experts observe that when warrants are issued above the market price, it reduces the immediate dilution risk and conveys a strong message about the company’s confidence in its future assets.
Since $5.4 billion in secured funds will be made available for Bitcoin purchases, Metaplanet can perform major acquisitions, and the move may attract institutional investors who hope to copy what Metaplanet is doing.
Metaplanet is on a path to improve its status as the leading corporate Bitcoin acquirer and a pioneer in Japan’s capital market changes.
