Metaplanet Raises 515 Million USD Boosting Bitcoin Holdings 10%

Metaplanet Inc. has successfully raised 74.9 billion yen, approximately $515 million, through the exercise of its 20th series of stock acquisition rights. This significant capital injection is a key component of the company's 555 Million Plan, which is designed to expand its bitcoin holdings. The issuance involved 54 million new shares, following the exercise of 540,000 stock acquisition rights. This represents 29% of the total rights issued and marks the first substantial capital infusion under the plan, accounting for 10% of the full target.

Despite an initial slump of up to 15%, Metaplanet's stock rallied to close 4% higher, indicating investor confidence in the strategic move. CEO Simon Gerovich emphasized the importance of this milestone, noting the strong start to the program. This capital raise is part of Metaplanet's broader strategy to increase its bitcoin holdings, positioning the company as a major player in the cryptocurrency market.

The Blockchain Group, a company listed on Euronext Growth Paris, also announced a capital increase of 4.1 million euros, or $4.8 million, through an at-the-market-type equity issuance agreement. The shares were issued at an average price of 5.085 euros each, aligning with the company’s strategy to increase the number of bitcoin per share on a fully diluted basis. The Blockchain Group currently holds 1,653 BTC, making it the first of its kind in Europe to pursue such a model. This capital raise is part of the company's broader initiative to bolster its bitcoin holdings and strengthen its position in the market.