Metaplanet raises $255 million to accelerate bitcoin accumulation
The Japanese bitcoin treasury firm structured the financing with premium-priced shares and warrants that could unlock up to $531 million.
By James Van Straten|Edited by Sheldon Reback Mar 16, 2026, 12:11 p.m.
Make us preferred on Google
What to know:
- Metaplanet raised 40.8 billion yen ($255 million) through a share placement priced at a 2% premium, paired with warrants carrying a 10% premium strike that could add another 44.5 billion yen if exercised.
- The company introduced a new warrant structure tied to net asset value and suspended older warrants representing up to 210 million shares to limit dilution and prioritize funding for additional bitcoin purchases.
Japanese bitcoin treasury firm Metaplanet (3350) said it raised about 40.8 billion yen ($255 million) from global institutional investors through a placement of new shares, part of a financing structure that could provide up to $531 million in total capital to support its bitcoin accumulation strategy.
The Tokyo-listed company priced the new shares at a 2% premium to the market price. The placement was paired with fixed-strike warrants carrying a 10% premium, which could generate an additional 44.5 billion yen if exercised.
The company also introduced a new series of moving strike warrants with what it described as the first mNAV (multiple to net asset value) clause attached to stock acquisition rights.
The mechanism allows the warrants to be exercised only when the company’s shares trade at least 1.01 times its modified net asset value, a metric comparing the firm’s market capitalization with the value of its bitcoin holdings. Metaplanet said the structure ensures any new share issuance increases bitcoin holdings per share.
To manage dilution, the company also suspended the exercise of previously issued warrants representing up to 210 million shares, prioritizing the new structure instead.
Metaplanet plans to use the funds primarily to expand its bitcoin reserves as it pushes toward its long-term goal of holding 210,000 BTC.
Metaplanet closed 5% higher on Monday as bitcoin climbed above $73,000. The firm is the world's fourth-largest corporate bitcoin treasury company, holding 35,102 BTC.
More For You
Michael Saylor's Strategy made another huge buy of bitcoin, adding $1.57 billion worth last week
By James Van Straten|Edited by Stephen Alpher48 minutes ago
The company's stack now stands at 761,068 bitcoin, acquired for $57.61 billion.
What to know:
- Strategy purchased 22,337 bitcoin for $1.57 billion last week.
- The acquisitions were mostly funded through sales of the company's STRC series of preferred stock, with sales of common stock accounting for the remainder.
- MSTR shares were up 4% in early trading alongside a weekend rise in the price of bitcoin to $73,600.
U.S., UK, Canada start Operation Atlantic to disrupt crypto approval-phishing scams
9 minutes ago
Michael Saylor's Strategy made another huge buy of bitcoin, adding $1.57 billion worth last week
48 minutes ago
SEC drops lawsuit against BitClout’s Nader Al-Naji
54 minutes ago
South Korea fines Bithumb $24 million, orders 6-month partial suspension over money laundering violations
56 minutes agoMemecoins outpace bitcoin, ether as 'barbell strategy' wins out
1 hour agoAltcoins jump as bitcoin inches toward potential $74,000 breakout
2 hours agoTop Stories
Crypto trading firm BlockFills files for bankruptcy
8 hours ago
Bitcoin's price trades above its 50-day average as bullish move gathers pace
8 hours ago
AI developers may not be keen on crypto, but stablecoins are the secret to agentic finance, crypto insiders say
Mar 14, 2026
Wall Street pushes tokenized stocks, but institutions aren’t eager to trade them
Mar 14, 2026
