Metaplanet raises $255M, structures up to $531M to accelerate Bitcoin accumulation as board revises capital policy

Metaplanet completed a share placement that raised about $255 million and structured the financing with premium‑priced shares and warrants that could unlock up to $531 million in total capital for bitcoin purchases ^{[1] [2]}.

The company’s board also approved a revised capital‑allocation policy that includes an mNAV clause; the announcement coincided with a near 5% jump in Metaplanet’s stock as bitcoin reclaimed roughly $74,000 ^{[3] [4]}.

Metaplanet says the funds will accelerate accumulation of bitcoin toward its stated treasury objectives, a strategy observers say could affect market dynamics and investor sentiment ^{[4] [2]}.

The raise provides immediate capital for additional bitcoin purchases and preserves optionality to reach roughly $531 million of total proceeds via the issued warrants and shares, subject to future exercises and board approvals ^{[1] [3]}.