Meta plane raises $ 515 million to speed up the Bitcoin strategy, is aimed at 30,000 BTC at the end of the year


TLDR:

  • The meta-plane secures $ 515 million to 540K exerted series-20 share options.
  • New shares drive the company a total of 654 m, up from 600 m in one day.
  • Firm is aimed at 30,000 BTC by 2025 and 100,000 BTC by 2026.
  • 1.31 million warrants left and leave room for further capital increases.

Meta Planet Inc., a Japan-Listed Companyhas initiated a large expansion effort with fresh capital collected through guarantee exercises.

On June 24, the main shareholder Evo Fund used over half a million series-20 acquisition rights, which triggered the issuance of 54 million new shares. This one-day transaction brought about $ 515 million, which significantly strengthens the balance sheet’s balance sheet.

The move is in line with the company’s strategy to increase Bitcoin holdings to 30,000 BTC at the end of the year. A target in the longer term sets the target of 100,000 BTC by 2026, which signals a deeper pivot to digital assets.

In accordance with to an official filingEvo Fund exercised 540,000 rights for shares on June 24. These rights accounted for 29.19% of the total 1.85 million units.

Each right converted to 100 shares and adds 54 million shares to the meta -plane outstanding. The newly published shares led the company’s total to over 654 million, up from 600 million the day before.

The training price was set at 1,388 yen per share, although the company has not yet revealed the revenue in Yen.

The meta plane is planning massive bitcoin holding

Funding is expected to support MetaPlanet’s Bitcoin acquisition strategy. According to Wu Blockchain, the company aims to have 30,000 BTC in December 2025.

The long -term goal of reaching 100,000 BTC in 2026 places it among the most ambitious companies’ bitcoin holders globally. This aggressive timeline reflects growing confidence among Japanese companies that include digital assets.

Market offenders see this trait as part of a wider institutional transition to bitcoinEspecially in Asia.

Despite the large exercise, 1.31 million rights remain uninterrupted, which represents 131 million potential new shares. The company plans to issue up to 555 million shares through this series alone. This ongoing process provides the meta -plane flexibility to secure more capital in the coming months.

The company earlier Detailed terms in a announcement of June 6, and described price adjustment and shut -off clauses tied to third -party allocation.

Shareholder activity signals long -term crypto confidence

The bold expansion of the meta plane comes in the midst of increasing crypto adoption among traditional companies. By converting share acquisition rights, Evo Fund has effectively approved the company’s Digital asset strategy.

The capital injection strengthens the position of the meta plane when it builds a significant bitcoin portfolio. When institutional commitment is deepened, such movements can become more common in public markets.





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *