Metaplanet raised $255 million and launched new warrants to fund more Bitcoin purchases as it pushes toward a 210,000 BTC treasury target.
Metaplanet said Monday it raised $255 million in a private placement and launched a new warrant structure to fund additional Bitcoin purchases.
Metaplanet raised about $255 million from institutional investors through a private placement of new shares, according to the company.
The private placement priced new shares at a 2% premium, paired with fixed-strike warrants at a 10% premium, which, if exercised, could add $276 million in additional capital as “firepower” toward the company’s goal of amassing 210,000 Bitcoin (BTC), according to CEO Simon Gerovich.
