Tokyo-listed company Metaplanet plans to raise up to $137 million through new common shares and stock acquisition rights to expand Bitcoin holdings and reduce debt. The company aims to issue 24.5 million shares at 499 Japanese yen per share, raising $78 million upfront, with potential for an additional $56 million. Proceeds will primarily go towards more Bitcoin purchases, investment in Bitcoin income business, and partial debt repayment. Metaplanet currently holds 35,102 BTC, making it the fourth-largest corporate Bitcoin holder globally. The company’s recent efforts to diversify funding sources beyond common equity have included issuing dividend-paying preferred shares for overseas institutions. Despite booking a large non-cash Bitcoin impairment, Metaplanet lifted its 2026 revenue outlook.

Read more at Cointelegraph: Metaplanet Greenlights $137M Overseas Capital Raise