Latest news with #EVOFUND
Yahoo
20 hours 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
13-05-2025
- Business
- Yahoo
Metaplanet Plans a Further $21M Bond Sale to Buy More BTC
Japanese hotel firm Metaplanet (3350) said it plans to sell another $21.25 million worth of bonds to fund further bitcoin (BTC) purchases. The Tokyo-based firm agreed to issue the debt to EVO FUND on May 9, making it the third such sale in the space of a week, following two issues of $25 million each. The bonds will not bear any interest and have a redemption date of Nov. 9, Metaplanet announced in a post on X on Friday. The firm's bitcoin stash currently sits at 5,555 BTC ($576 million), the 11th largest holding among publicly-traded companies and the largest of firms outside North America. Metaplanet shares closed 2.75% higher on Friday at 524 yen ($3.61), outperforming the Nikkei 225 which gained 1.56%.
Yahoo
07-05-2025
- Business
- Yahoo
Metaplanet Lifts Bitcoin Stash by 555 BTC, Plans to Sell Debt to Buy More
Japanese investment firm Metaplanet (3350) said it will sell a second $25 million of bonds to EVO FUND to fund further purchases of bitcoin (BTC). The Tokyo-based company agreed to issue the debt only days after selling the same amount of bonds to the same buyer. The bonds, which will bear no interest, have a redemption date of Nov. 6, according to a Metaplanet post on X on Wednesday. In a separate statement, Metaplanet said it bought 555 BTC for 7.63 billion yen ($53.5 million), taking its total holdings to 5,555. That is the largest bitcoin stash among public companies outside of North America, according to Bitcoin Treasuries. Metaplanet shares added about 11.5% to close at 477 yen ($3.33) on Wednesday.
Arabian Post
07-05-2025
- Business
- Arabian Post
Metaplanet Deepens Bitcoin Commitment with $53M Acquisition
Metaplanet Inc., a Tokyo-listed investment firm, has fortified its position in the cryptocurrency market by acquiring an additional 555 Bitcoins, valued at approximately $53.4 million. This purchase was financed through the issuance of zero-coupon bonds to EVO FUND, raising $25 million, which was entirely allocated to the Bitcoin acquisition at an average price of $96,134 per coin. This strategic move elevates Metaplanet's total Bitcoin holdings to 2,235 BTC, positioning the company as one of the top 15 publicly traded entities globally in terms of Bitcoin reserves. The firm has set an ambitious target to amass 10,000 BTC by the end of 2025, with a longer-term goal of reaching 21,000 BTC by 2026, aligning with Bitcoin's capped supply of 21 million coins. Metaplanet's aggressive accumulation strategy mirrors the approach of U.S.-based Strategy, formerly known as MicroStrategy, which has been a pioneer in corporate Bitcoin investment. Since adopting the Bitcoin Standard in April 2024, Metaplanet has experienced significant growth, with its market capitalization increasing by 7,000% and its shareholder base expanding to over 50,000. The company's financial performance has also seen a substantial boost, achieving a record-breaking 309.82% BTC yield in Q4 2024. Metaplanet measures its performance using BTC yield, focusing on the growth of Bitcoin per share rather than traditional fiat metrics. This approach underscores the company's commitment to maximizing shareholder value in Bitcoin terms. To fund its Bitcoin acquisitions, Metaplanet has employed innovative financial instruments, including the issuance of moving strike warrants and zero-coupon bonds. These tools have allowed the company to raise capital without incurring interest-bearing liabilities, thereby optimizing its capital structure and reducing financial risks. See also Bitcoin Breaks $100,000 Barrier Amid Market Euphoria Metaplanet's CEO, Simon Gerovich, has emphasized the company's mission to lead the Bitcoin renaissance in Japan and emerge as a global leader in Bitcoin treasury operations. The firm plans to utilize a mix of loans, equity, and convertible bonds to achieve its Bitcoin accumulation goals, reflecting a flexible and strategic approach to capital markets. The company's aggressive Bitcoin strategy has not gone unnoticed, with analysts projecting that Bitcoin could reach or surpass $200,000 by the end of 2025. Metaplanet's bold moves are seen as a response to this bullish outlook, positioning the firm to capitalize on potential market gains. Metaplanet's stock performance has mirrored its Bitcoin strategy, with shares surging by over 4,000% in the past year. The company is set to be included in the MSCI Japan Index, a move expected to attract more investors and enhance its market presence. Arabian Post – Crypto News Network
Yahoo
02-05-2025
- Business
- Yahoo
Metaplanet Issues $25M Bonds to Buy More Bitcoin
Tokyo-based Metaplanet (3350) has issued 3.6 billion yen (around $24.8 million) in bonds to fund additional purchases of bitcoin (BTC) after the Japanese hotel firm's holdings surpassed 5,000 BTC. According to a notice from the company, the newly issued bonds were sold entirely to EVO FUND. The bonds carry no interest and will be redeemed at par value on October 31, 2025, unless repaid earlier at the bondholder's request. The funds are earmarked specifically for BTC acquisition, in line with the plan disclosed earlier this year when Metaplanet detailed a series of stock acquisition rights. The company expects to fund the bond's redemption through capital raised via the exercise of its stock acquisition rights, meaning the ultimate payback may rely on investor appetite for Metaplanet's equity-linked instruments. If proceeds from those rights exceed certain thresholds, Metaplanet reserves the right to repay portions of the bond early. Metaplanet shares closed at 428 yen each, up 8.6% in the last trading session. Sign in to access your portfolio
