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Metaplanet unveils $5.4B equity raise plan to accelerate bitcoin accumulation

Japanese investment firm Metaplanet, which has transitioned into a bitcoin treasury company, has announced the launch of a $5.4 billion equity raise to fund the acquisition of more bitcoin.

Funds will be raised through the issuance of 555 million shares (92.4% of total shares outstanding) in moving strike warrants — Japan's version of an at-the-market equity facility — with equity sold incrementally to minimize market impact over the next two years. EVO FUND is the allottee for the plan, with Evolution Japan Securities as the arranger.

"Thrilled to announce Asia's largest-ever equity raise to buy bitcoin — again! This time: $5.4 billion to accelerate our bitcoin strategy," Metaplanet CEO Simon Gerovich posted to X on Friday.

Metaplanet unveils $5.4B equity raise plan to accelerate bitcoin accumulation

Japanese investment firm Metaplanet, which has transitioned into a bitcoin treasury company, has announced the launch of a $5.4 billion equity raise to fund the acquisition of more bitcoin.

Funds will be raised through the issuance of 555 million shares (92.4% of total shares outstanding) in moving strike warrants — Japan's version of an at-the-market equity facility — with equity sold incrementally to minimize market impact over the next two years. EVO FUND is the allottee for the plan, with Evolution Japan Securities as the arranger.

"Thrilled to announce Asia's largest-ever equity raise to buy bitcoin — again! This time: $5.4 billion to accelerate our bitcoin strategy," Metaplanet CEO Simon Gerovich posted to X on Friday.

https://www.theblock.co/post/357254/metaplanet-5-4-billion-usd-equity-raise-bitcoin-1-per-cent-club