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CoinDesk 2025-01-28 09:02:50

Metaplanet Announces Largest Raise by an Asian-Listed Firm to Buy Bitcoin

Metaplanet (3350) , the Japanese hotel investor, has announced the largest capital raise in Asian equity market history to buy bitcoin (BTC). Metaplanet has issued 21 million shares through 0% discount moving strike warrants, raising approximately 116 billion yen ($745 million). This allows holders to buy shares at an exercise price equal to the market price, minimizing dilution for existing shareholders. The issuance is part of the company's "Bitcoin-first, Bitcoin-only" strategy, which aligns with its plans to continue increasing its bitcoin holdings amidst the yen's devaluation and Bitcoin's all-time high.The stock acquisition rights were issued at 363 yen per unit ($2.33) and have adjustable exercise prices based on market value. Metaplanet is the fifteenth largest publicly traded bitcoin holder, with 1,762 BTC. It closed 3% higher on the day, and its shares are up 16% year-to-date. Disclaimer: This article, or parts of it, was generated with assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk’s full AI Policy .

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