Metaplanet Dey File ¥555B Shelf to Collect $3.7B for 210K Bitcoin
Tokyo-listed Metaplanet don file shelf registration wey be ¥555 billion to raise up to $3.7 billion through continuous offering of perpetual preferred shares, wey split into Class A non-convertible and Class B convertible stocks, each worth ¥277.5 billion. The shares get dividend up to 6% annually, with plans to issue from August 2025 to August 2027. The proceeds go support aggressive Bitcoin accumulation strategy, targeting 210,000 BTC by end of 2027, including revised 2026 goal of 100,000 BTC. Metaplanet get 17,132 BTC (approx $1.95 billion) after recent 780 BTC buy. The fundraise dey represent about 75% of their ¥729 billion market cap. Bitcoin dey trade near $113,400, down 2% over 24 hours.
Bullish
Metaplanet plan to raise capital make dem fit buy plenty Bitcoin support long term demand. Dem dey target up to 210,000 BTC, dis aggressive buying fit boost market confidence and hold Bitcoin price up. The structured offer of perpetual preferred shares show say institutions serious, wey fit make traders feel good. For short time, stock issuance no too go directly affect Bitcoin price, but di buying pressure wey dey expected for di next two years na good sign. History show sey big institution buying usually make price go up.