Metaplanet Exercises Stock Options, Reduces Bond Holdings

Metaplanet Inc. has experienced a significant increase in its issued shares, up to 739,714,340, following the exercise of 27,500,000 shares by EVO FUND. The company also partially redeemed ¥5.25 billion of Series 19 common bonds using the funds obtained from the stock issuance. Total redemption amount reached ¥21 billion after multiple redemptions in July and early August. The unexercised subscription rights decreased to 460,000 rights, equivalent to 46,000,000 shares.

Metaplanet Inc. has seen a substantial increase in its issued shares, reaching 739,714,340, following the exercise of 27,500,000 shares by EVO FUND. The company also partially redeemed ¥5.25 billion of Series 19 common bonds using the funds obtained from the stock issuance. The total redemption amount reached ¥21 billion after multiple redemptions in July and early August. The unexercised subscription rights decreased to 460,000 rights, equivalent to 46,000,000 shares.

The latest developments come as Metaplanet continues its aggressive Bitcoin accumulation strategy. In its latest acquisition, the company purchased an additional 103 Bitcoin, bringing its total holdings to 18,991 BTC. This purchase, valued at ¥1.74 billion or approximately $11.6 million, was made at an average price of $113,491 per coin [3]. The company's Bitcoin holdings now rank seventh among publicly traded firms globally.

Metaplanet's strategic focus on Bitcoin as a reserve asset has been driven by Japan's weakening yen and ongoing domestic economic challenges. The company's Bitcoin investment has outperformed traditional equity markets, with a return of 479.5% since the beginning of its accumulation phase. In the second quarter, the firm reported a yield of 129.4%, showcasing its ability to time entries effectively [3].

The company's stock has shown resilience despite recent market volatility. Metaplanet shares rose over 4% following the latest Bitcoin purchase, reaching 878 yen during Monday trading hours. The stock has gained momentum since the beginning of the year, up by 147.9%, despite a 26% drop in the last month [3].

Metaplanet's strategic milestones and market response have been significant. The company was recently upgraded to a mid-cap stock and added to the FTSE Japan Index following the latest index review. This inclusion signals growing recognition of Metaplanet's financial progress and market position.

The company's Bitcoin strategy has been bolstered by the involvement of notable figures such as Eric Trump, who was appointed as a strategic adviser in March and is scheduled to attend the September 1 shareholder meeting [2]. The upcoming meeting will include a vote on new capital-raising measures, with Trump expected to attend.

Metaplanet's focus on Bitcoin as a reserve asset and its strategic milestones reflect a broader trend of institutional investment in digital assets. The company's consistent performance and investor support underscore its commitment to a long-term treasury plan.

References:
[1] https://www.benzinga.com/crypto/cryptocurrency/25/08/47310872/strategy-metaplanet-bitmine-continue-btc-eth-purchases-heres-how-much-they-bought
[2] https://finance.yahoo.com/news/eric-trump-join-metaplanet-meeting-180824307.html
[3] https://cryptonewsland.com/metaplanet-acquires-additional-11-6-million-in-bitcoin-bringing-total-holdings-to-18991-btc/