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Metaplanet Sets Record with Asia’s Largest Equity Raise for BTC as MicroStrategy Announces Strike Preferred Stock Offering
- Metaplanet unveiled its “Bitcoin Plan” targeting 21,000 BTC by 2026, launching Asia’s largest Bitcoin-focused equity raise of ¥116.65 billion through moving strike warrants.
- MicroStrategy purchased 10,107 Bitcoin for US$1.1 billion at US$105,596 per coin, bringing their total holdings to 471,107 BTC at an average cost of US$64,511.
- MicroStrategy also announced plans to issue 2.5 million shares of Perpetual Strike Preferred Stock to raise additional funds for Bitcoin purchases and working capital.
The Bitcoin price is struggling to keep above the US$100k mark, but you know who isn’t worried at all? Metaplanet and MicroStrategy. They’ve both gone on another epic buying spree, and this time it’s one for the record books.
Largest Ever Public Equity Capital Raise in Asia
First up, Metaplanet. According to CEO Simon Gerovich, the Japanese version of MicroStrategy has just raised the bar with the launch of its 2025-2026 “Bitcoin Plan”.
As per the plan, Metaplanet intends to buy no less than 10,000 BTC by the end of 2025 and 21,000 BTC by the end of 2026.
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Gerovich said in a statement that after “adopting the Bitcoin Standard on April 8, 2024, Metaplanet has experienced exponential growth”.
He highlighted the company’s commitment to Bitcoin and the role it has in the Japanese Bitcoin landscape:
The market has recognized Metaplanet as Tokyo’s preeminent Bitcoin company, and we are seizing this momentum to solidify our position as a global leader. Our vision is to lead the Bitcoin renaissance in Japan and emerge as one of the largest corporate Bitcoin holders globally. This plan is our commitment to that future.
Metaplanet As part of the “21 Million Plan”, they propose to issue 21 million shares through moving strike warrants.
Moving strike warrants are financial derivatives that let investors buy stock at an adjustable price over time. Metaplanet is using these warrants to attract investors who want exposure to both stocks and crypto, essentially offering a regulated way to indirectly invest in Bitcoin during volatile market conditions.
With ¥116.65 billion (approx. AU$1.2 billion), this will be “Asia’s largest-ever equity capital raise for Bitcoin”.
MSTR Strikes Again, Makes Massive Announcement
Monday also saw MicroStrategy make another move, buying 10,107 Bitcoin for a massive US$1.1 billion (AU$1.75 billion) at a price per coin of US$105,596 (AU$168,859).
Michael Saylor’s firm now holds 471,107 BTC bought at a total price of roughly US$30.4 billion (AU$48.61 billion), which translates to a per coin cost of US$64,511 (AU$103,158).
A day after the purchase, the Tysons Corner, Virginia-based company announced that it – “subject to market and other conditions” – anticipates to issue 2.5 million of MicroStrategy’s Series A Perpetual Strike Preferred Stock. The launch is aimed at raising money, mainly to buy more Bitcoin.
MicroStrategy intends to use the net proceeds from the offering for general corporate purposes, including the acquisition of bitcoin and for working capital.
MicroStrategy Each share will be worth US$100 (AU$160) at liquidation. The company will pay dividends every three months starting March 31, 2025 (if the board approves them), either in cash, company stock, or both.
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Investors will have the option to convert these shares into regular company stock in specific conditions. If major company changes happen, investors can make MicroStrategy buy back their shares.
The company can also choose to buy back all shares in two cases: if the total value drops below 25% of what was originally issued, or for tax-related reasons.
Author
Aaron Feuerstein
Aaron Feuerstein is a freelance writer based in Melbourne. His focus is on decentralised finance and the regulatory space surrounding blockchain. He holds a Master's in Accounting. When he is not studying the latest legal case, he enjoys his time as a modest but eager hobby cook.
