Metaplanet Inc. announced the completion of its international stock offering, enabling the company to increase its Bitcoin reserves and adapt to economic challenges.
Increase in Stock Offering
Metaplanet Inc. has completed its international stock offering, increasing the volume from 180 million to 385 million shares, allowing it to raise $1.4 billion (~¥205 billion). The event was confirmed by the company on Tuesday, noting that underwriters applied for 385 million shares, exceeding the base amount.
Strategy for Economic Conditions
The funds from the offering will primarily be allocated to increasing Bitcoin holdings, with ¥183.7 billion earmarked for BTC purchases over the next two months. This initiative is a continuation of the company's strategy to decouple its treasury from the yen's decline, real negative interest rates, and rising public debt in Japan.
Advancement of Investment Strategy
The company is not just holding Bitcoin but actively utilizing it. Last quarter, it earned ¥1.9 billion through BTC options trading and now plans to inject another ¥20.4 billion from fresh funds into this income-generating strategy. The goal is to transform its crypto treasury into a profit center by year-end.
Metaplanet Inc. is actively pursuing to transform its financial position by increasing Bitcoin holdings and implementing new strategies. This underscores the company’s actions as an ambitious response to contemporary economic challenges.
