According to ChainCatcher, Metaplanet CEO Simon Gerovich stated that Metaplanet plans to raise approximately $765 million through various channels to increase its Bitcoin holdings to 210,000. The specific fundraising paths include: raising approximately $255 million through a private placement of new shares to global institutional investors (at a 2% premium), coupled with warrants at a 10% premium with a fixed exercise price, which, upon exercise, could generate an additional approximately $276 million.
In addition, Metaplanet issued 100 million mobile exercise price warrants (MSWs) with mNAV terms, subject to an exercise condition that the share price must be higher than 1.01 times the mNAV, which is expected to raise an additional $234 million. Simon Gerovich stated that this mechanism is designed to ensure that each newly issued share increases the amount of Bitcoin held per share and enhances shareholder value.
