Metaplanet, a Japan-based Bitcoin treasury firm, announced plans to raise approximately $137 million through a stock offering and warrants. This funding aims to support the company’s goal of increasing its Bitcoin holdings and reaching a target of 100,000 BTC by the end of 2026. The firm’s board approved the issuance of 24,529,000 common shares at JPY 499 per share and 15,944,000 ordinary shares. The stock sale, which is expected to raise JPY 21 billion ($137 million), aligns with Metaplanet’s broader ambitions in the cryptocurrency market. Stock Offering to Support Bitcoin Purchases The raised funds will primarily be used to acquire additional Bitcoin. Dylan LeClair, the Head of Bitcoin Strategy at Metaplanet, emphasized that the financing structure allows the company to capitalize on market volatility. By issuing stock with a fixed strike price of JPY 547 for one year, Metaplanet intends to sell shares at a premium to the current market price. This move is designed to maximize the ca...