Access Restricted for EU Residents
You are attempting to access a website operated by an entity not regulated in the EU. Products and services on this website do not comply with EU laws or ESMA investor-protection standards.
As an EU resident, you cannot proceed to the offshore website.
Please continue on the EU-regulated website to ensure full regulatory protection.
Thursday Nov 20 2025 14:10
2 min
Metaplanet is preparing for a substantial capital raise through the issuance of its new Class B perpetual preferred shares, aimed at scaling its Bitcoin-focused treasury strategy. According to filings submitted to the Tokyo Stock Exchange, the firm intends to issue 23.6 million Class B shares at a price of 900 yen ($5.71) each, culminating in a total raise of 21.2 billion yen (approximately $135 million). The offering will be executed via a third-party allotment to overseas investors, contingent upon approval at an extraordinary shareholder meeting scheduled for December 22, 2025.
The newly introduced Class B shares will offer a fixed annual dividend of 4.9% on a $6.34 notional amount, translating to $0.078 per quarter once regular payments commence. Holders will have the right to convert these preferred shares into common stock at a conversion price of $6.34.
However, the company retains a market-price call option that can be exercised if the stock trades above 130% of the liquidation preference for 20 consecutive trading days. While the shares are non-voting, they do carry redemption rights under specific circumstances.
This capital raise is accompanied by a broader restructuring of Metaplanet's financing instruments. The company plans to cancel its 20th through 22nd stock acquisition rights and issue new 23rd and 24th series rights to Cayman Islands-based investment fund, Evo Fund, pending regulatory approval. In a related post on X, Metaplanet CEO Simon Gerovich revealed that their new Class B perpetual preferred equity program is named Mercury.
“4.9% fixed dividend. ¥1,000 conversion price. A new step in scaling Metaplanet’s Bitcoin treasury strategy,” he wrote.
Metaplanet shares concluded the day with a 3.20% increase, gaining 12 points. However, the company's stock has decreased by over 60% in the past six months, according to data from Google Finance.
Metaplanet, recognized as the fourth-largest public company globally in Bitcoin (BTC) holdings, currently holds 30,823 BTC, valued at approximately $2.82 billion, according to BitcoinTreasuries.NET.
The company acquired its Bitcoin stash at an average purchase price of $108,036 per BTC and is presently facing a -15.17% unrealized loss, a significant decline from October's peak values.
Risk Warning: This article is provided for informational purposes only and does not constitute investment advice, investment research, or a recommendation to trade. The views expressed are those of the author and do not necessarily reflect the position of Markets.com. When considering shares, indices, forex (foreign exchange), and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and may not be suitable for all investors. Leveraged products can result in capital loss. Past performance is not indicative of future results. Before trading, ensure you fully understand the risks involved and consider your investment objectives and level of experience. Cryptocurrency CFD trading restrictions may apply depending on jurisdiction.
Latest
View all
Tuesday, 12 May 2026
4 min
Monday, 11 May 2026
6 min
Monday, 11 May 2026
4 min
Thursday, 14 May 2026
Indices
Gold Price Today, May 15: XAU/USD Consolidates in $4,650–$4,690 Range Amid Fed Policy Uncertainty
Thursday, 14 May 2026
Indices
Korean Stock Market Crash: Samsung and SK Hynix Power KOSPI to Record Highs
Wednesday, 13 May 2026
Indices
Gold price today, May 14: XAU/USD near $4,700, gold steady ahead of Trump-Xi talks
Tuesday, 12 May 2026
Indices
Record Inflows Pour into South African Markets Amid Reform Momentum: $42 Billion Foreign Investment Surge
Tuesday, 12 May 2026
Indices
Gold Price Today, May 13: Gold Plunges Below $4,700 as Hot US CPI & Surging Oil Crush Rate-Cut Hopes
Monday, 11 May 2026
Indices
Latest ETF News Highlights: BTC Price (BTC/USD) Holds at $81,500 Amid Strong Bitcoin ETF Inflows
Monday, 11 May 2026
Indices
Gold Price Today, May 12: XAU/USD Rises Sharply After Fed Cut Live Gold Price at $4,750
EN
