Metaplanet (3350.T) Stock: Falls as Firm Moves to Raise $137 Million for Bitcoin Purchases and Debt Reduction

TLDR

• Metaplanet stock slides 4% after unveiling bold Bitcoin funding expansion
• Capital raise fuels Bitcoin buying push and strategic debt reduction
• New share issue targets liquidity boost and long-term Bitcoin growth
• Metaplanet doubles down on Bitcoin with fresh funding and debt paydown
• Share dilution fears hit Metaplanet after major Bitcoin funding plan

Metaplanet Inc. (3350.T) shares closed lower after the company approved a major capital raise aimed at expanding its Bitcoin strategy and reducing debt. The stock ended the session at 456 yen, down 4%, following a volatile trading day marked by early selling and a weak late finish. The announcement introduced a large funding plan that signaled continued commitment to Bitcoin accumulation and balance-sheet restructuring.

Metaplanet Inc., 3350.T

New Share Issuance Advances Funding Plan

Metaplanet approved the issuance of 24.53 million new common shares priced at 499 yen each, and the sale will generate about 12.24 billion yen. The price sits above the previous close, and the structure reflects an effort to secure capital at a premium. The shares will be issued through a third-party allotment and therefore will target select overseas participants.

The company confirmed a 456-yen close, and the decline reflected immediate concerns about dilution pressures. The allotment will provide upfront liquidity, and it strengthens the firm’s ability to advance its Bitcoin strategy. The approach forms part of Metaplanet’s wider funding plan for 2026.

Metaplanet noted that 5.2 billion yen of the upfront capital will support partial debt repayment. The firm holds significant liabilities, and the repayment is aimed at restoring borrowing capacity. The remaining funds will support additional Bitcoin accumulation and corporate operations.

Warrants Provide Extra Funding Capacity

Metaplanet also approved the issuance of stock acquisition rights that can convert into as many as 15.94 million shares. The warrants carry a fixed strike price of 547 yen, and they remain exercisable for one year. Full execution would generate up to 8.9 billion yen in added proceeds.

The structure offers warrant buyers optional exposure while giving the firm another capital channel. The fixed strike avoids shifting dilution levels, and it supports predictable financing terms. The approach aligns with the firm’s plan to manage equity expansion while maintaining future flexibility.

Metaplanet will use the combined funding pool to support extensive Bitcoin acquisition goals. The company intends to grow its Bitcoin income business and expand treasury holdings. The firm continues to treat Bitcoin as a long-term store of value on its balance sheet.

Bitcoin Strategy and Broader Expansion Plans

Metaplanet holds 35,102 BTC and ranks as the fourth-largest public corporate holder. The firm maintains a long-term approach, and it recently approved a multiyear plan to acquire up to 210,000 BTC. The company’s subsidiary will oversee treasury activity and manage accumulation stages.

The new capital raise supports the next phase of expansion and aligns with earlier perpetual share funding. Metaplanet also recorded revenue from Bitcoin options and lending strategies during the prior year. The company expects minimal near-term earnings impact and will continue marking Bitcoin holdings to market each quarter.

Metaplanet aims to advance its treasury model while managing leverage and improving liquidity strength. The current funding package offers operational support for 2026 as the firm increases its Bitcoin exposure. The company also plans to maintain structured disclosures should conditions shift.

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