Latest news with #BTC-focused
Yahoo
4 days ago
- Business
- Yahoo
Metaplanet to Raise $5.3B, Japan's Largest Stock Warrant Deal, to Grow Bitcoin Stash
Metaplanet, the Tokyo-listed firm now positioning itself as a bitcoin BTC-focused treasury company, has launched a $5.3 billion plan to buy more BTC by issuing 555 million shares through stock acquisition rights. The deal, Metaplanet says, is the largest-ever issuance of stock warrants in Japan and the first time moving strike warrants, where the exercise price adjusts with the market, have been sold at or above current share prices in the country. The offering is part of what the company calls its '555 Million Plan,' a follow-up to its earlier '21 Million Plan,' which raised $600 million earlier this year and helped Metaplanet amass nearly 9,000 BTC. The new round aims to raise enough funds to boost its holdings to over 210,000 BTC by 2027, roughly 1% of the total bitcoin supply. Metaplanet is allocating nearly 96% of the capital raised to buying bitcoin directly, with smaller amounts earmarked for bond redemptions and income-generating strategies like selling put options. The company sees BTC as a hedge against Japan's prolonged negative interest rates and weakening yen. To reduce dilution and protect shareholders, the issuance comes with a minimum exercise price and gives the company the right to temporarily suspend conversions. Shares will be sold to EVO FUND, a Cayman-based fund that has backed Metaplanet's earlier financing deals. Metaplanet's shares have risen more than 275% so far this year as the firm follows through with its BTC accumulation plan. They closed down 1.6% in Friday's trading in to access your portfolio
Yahoo
29-05-2025
- Business
- Yahoo
Wall Street Giant Cantor Fitzgerald to Launch Gold-Backed Bitcoin Fund
Wall Street investment bank Cantor Fitzgerald Asset Management said it plans to launch a new fund that blends bitcoin BTC gains with a fallback anchored to gold. The Cantor Fitzgerald Gold Protected Bitcoin Fund, which the firm said will be its first BTC-focused investment vehicle, is structured to provide investors uncapped exposure to bitcoin's price rise while offering one-to-one downside protection based on the price of gold, according to the firm's Thursday press release. The fund is expected to open for investors in the next few weeks, and will run for five years, the firm said. "There are still people on the Earth that are still scared of bitcoin, and we want to bring them into this ecosystem," Brandon Lutnick, chairman of Cantor Fitzgerald, said on stage at the Bitcoin 2025 conference in Las Vegas. "I think it's going to be one of the great products of the Earth." The move shows the investment giant is venturing deeper into bitcoin-related products as digital assets are becoming increasingly part of traditional markets. Earlier this week, Cantor said it opened its bitcoin lending business with first financing provided to crypto lender Maple and digital asset prime brokerage in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-05-2025
- Business
- Yahoo
Cantor Equity Partners Discloses $458M Bitcoin Acquisition
Cantor Equity Partners (CEP) disclosed a $458.7 million bitcoin BTC acquisition as part of a pending merger with Twenty One Capital, the BTC-focused investment vehicle backed by Tether, Bitfinex, and SoftBank, according to a regulatory filing on Tuesday. The transaction is structured through a complex business combination involving Tether Investments, the El Salvador affiliate of stablecoin issuer Tether, and iFinex, the parent company of Bitfinex, the filing shows. As part of the deal, Tether purchased some 4,812 BTC at an average price of $95,319, with the tokens held in escrow and later to be sold to the merged company. Blockchain data shows that the escrow wallet, disclosed in the filing, received the tokens from a Bitfinex hot wallet on May 9. The wallet's bitcoin holdings are worth $500 million at current prices, according to Arkham data. Twenty One Capital is being launched by Brandon Lutnick—the son of U.S. Commerce Secretary and Cantor Fitzgerald chairman Howard Lutnick—via a SPAC structure using Cantor Equity Partners. The company will be led by Strike CEO Jack Mallers and majority-owned by Tether and Bitfinex's parent company, iFinex. SoftBank will take a significant minority stake, the companies said The company said it plans to have more than 42,000 BTC at launch. CEP shares are higher by 3.7% in after hours in to access your portfolio
