Metaplanet's board has approved a $5 billion capital injection into its U.S. subsidiary, Metaplanet Treasury Corp, to accelerate its bitcoin acquisition strategy. This Florida-based unit was established on May 1 to bolster the company's global bitcoin treasury operations.
The investment is designed to advance a previously announced '555 million plan,' as stated by the company on June 6. With a goal of accumulating up to 210,000 BTC by the end of 2027, Metaplanet aims to leverage the depth of U.S. capital markets and institutional infrastructure to enhance its acquisition and management processes.
This expansion aligns with Metaplanet's objective of building a worldwide integrated treasury model that maximizes shareholder value and improves treasury yields. Funding will arise from exercising stock acquisition rights, with all proceeds allocated to further bitcoin purchases. There are no changes to the previously outlined intended use of these funds, and the fiscal impact on the current financial period is expected to be minimal. Metaplanet's shares saw a 7% drop on Tuesday, making them the eighth largest corporate bitcoin holders with 11,111 BTC.
The investment is designed to advance a previously announced '555 million plan,' as stated by the company on June 6. With a goal of accumulating up to 210,000 BTC by the end of 2027, Metaplanet aims to leverage the depth of U.S. capital markets and institutional infrastructure to enhance its acquisition and management processes.
This expansion aligns with Metaplanet's objective of building a worldwide integrated treasury model that maximizes shareholder value and improves treasury yields. Funding will arise from exercising stock acquisition rights, with all proceeds allocated to further bitcoin purchases. There are no changes to the previously outlined intended use of these funds, and the fiscal impact on the current financial period is expected to be minimal. Metaplanet's shares saw a 7% drop on Tuesday, making them the eighth largest corporate bitcoin holders with 11,111 BTC.
