Japanese Bitcoin treasury firm Metaplanet Inc. has approved a capital raise of approximately $137 million through a third-party allotment of newly issued shares and stock acquisition rights, according to a company filing.
The Tokyo Stock Exchange-listed firm said its board resolved to issue ordinary shares alongside its 25th Series Stock Acquisition Rights as part of a broader fundraising initiative. The move is intended to strengthen Metaplanet’s capital base and support its strategic growth plans.
The company will also issue 159,440 stock acquisition rights each representing the right to acquire 100 ordinary shares. The exercise price for the rights has been set at JPY 547 ($3.70) calculated at 115% of the closing price on the trading day immediately preceding the resolution date.
Under the fundraising plan Metaplanet said it will issue 24,529,000 newly issued common shares at an issue price of JPY 499 ($3.35) per share. The total issue amount for the share placement is expected to reach JPY 12.24 billion ( $82 million).
Earlier this week, Metaplanet reported a 104.6 billion yen ($680 million) impairment on its Bitcoin holdings, reflecting the impact of last year’s market downturn on the value of its digital asset portfolio. The company said the impairment was recorded as a non-operating expense and does not affect cash flows or day-to-day operations.
The allotment and payment date for both the share issuance and the stock acquisition rights is scheduled for Feb. 13, 2026.
