Metaplanet Raise $135M wit Class B Shares to Buy Bitcoin

Metaplanet wey Tokyo-listed analytics firm, dey plan to raise about $135 million through 23.61 million Class B perpetual preferred share offering at ¥900 ($5.71) per share. The non-voting Class B shares, wey dem call “Mercury,” get fixed 4.9% annual dividend wey dem dey pay every quarter, and fit change to ordinary stock at ¥1,000 ($6.34) per share. The money wey dem go gather go take buy more Bitcoin, make Metaplanet reserve pass the current 30,823 BTC (wey valued at $2.82 billion). The company fit redeem the shares if trading price pass 130% of the liquidation preference for 20 business days, and holders get redemption rights if dem no list am by December 29, 2026. This kind capital raise, wey dem model after MicroStrategy’s strategy, dey show how Metaplanet dey optimistic about Bitcoin long-term returns even if dem get 15.2% unrealized loss on top their holdings. The restructuring also cancel old warrants (Series 20–22) and issue new Series 23 and 24 to Evo Fund, to align incentives inside crypto market wey dey change.