Metaplanet Inc. (3350) climbed 5.7% on Wednesday after announcing a multi-pronged capital strategy, including an international share offering, updates on warrant exercises, early bond redemptions, and a temporary suspension of certain stock rights.
International Share Offering
The Tokyo-based company plans to issue up to 555 million new shares to foreign investors, pending shareholder approval at an extraordinary general meeting on September 1. The offering is projected to raise approximately 130.3 billion yen ($880 million), primarily earmarked for bitcoin (BTC) purchases, with the remainder supporting its bitcoin income-generation operations. The initiative aims to grow Metaplanet’s bitcoin net asset value (NAV) and strengthen ties with global institutional investors.
Warrant Exercises and Equity Update
Between August 14 and 26, investors exercised 275,000 units of the 20th Series Stock Acquisition Rights, resulting in 27.5 million new shares issued at prices ranging from 834 to 966 yen. This increased the total shares outstanding to 739.7 million.
Bond Redemption
The company also redeemed 5.25 billion yen of the 19th Series Ordinary Bonds ahead of schedule, adding to prior redemptions in July and August, further reducing liabilities before the bonds’ December maturity.
Temporary Suspension of Stock Rights
Metaplanet will temporarily suspend exercises of the 20th, 21st, and 22nd Series Stock Acquisition Rights from September 3 to 30. Currently, 360,000 units remain unexercised for the 20th Series and 1.85 million units each for the 21st and 22nd Series. The suspension may be adjusted if needed.
Metaplanet shares ended the day at 890 yen, reflecting investor confidence in the company’s strategic capital moves.
