Metaplanet, Japan’s first publicly listed Bitcoin treasury firm, is raising $137 million through a new stock offering and warrants to expand its Bitcoin holdings, the company announced via its official X account.
The funds will also be used to expand the company’s Bitcoin Income business and partially repay its Credit Facility borrowings, thereby maintaining borrowing capacity for future initiatives.
Metaplanet has diversified beyond its original hotel management business to focus on Bitcoin accumulation as a core treasury strategy. The company currently holds over 35,000 BTC worth $3 billion, ranking it the fourth-largest corporate holder of Bitcoin.
The Tokyo-based investment firm has set a target of acquiring 210,000 BTC by 2027, which would represent 1% of Bitcoin’s total supply.
Source: https://cryptobriefing.com/metaplanet-bitcoin-treasury-expansion-2/
