Metaplanet has made a huge announcement regarding the launch of $5.4-billion dollar bitcoin-focused equity raise. The company aims to issue more than 555 million shares via moving strike warrants.
This would make Metaplanet the first company the country of Japan to issue such warrants at a premium to market price.
The Metaplanet targets holding more than 100,000 bitcoin by 2026 and more than 210,000 bitcoin by 2027. This would make Metaplanet holder of 1% of total bitcoin supply.
These 555 million shares via moving strike warrants are first in Japan and it gives Metaplanet high volatility and deep liquidity. This is a significant development for the Bitcoin ecosystem. Such a large equity raise could potentially drive further interest and investment in the space, reinforcing Bitcoin’s position in the market.
1% is an insane goal and it is clear that the Metaplanet is truly accelerating into the future.
In case you are wondering what Metaplanet actually do, it is a hotel chain in Japan. They operate many hotels, including one in Tokyo that is quite popular place for staying during vacations among the bitcoin and web3 enthusiasts.