Gate News, March 16 — Metaplanet CEO Simon Gerovich announced that Metaplanet plans to raise approximately $765 million through various channels to increase Bitcoin holdings to 210,000 coins. The fundraising includes approximately $255 million (at a 2% premium) through a private placement of new shares to global institutional investors, combined with warrants with a 10% premium and fixed exercise price, which could yield an additional approximately $276 million upon exercise. Additionally, Metaplanet issued 100 million mobile exercise warrants (MSW) with mNAV (per share Bitcoin net asset value) terms, exercisable only if the stock price exceeds 1.01 times the mNAV, potentially raising another $234 million. Simon Gerovich stated that this mechanism aims to ensure each issuance increases Bitcoin holdings per share and enhances shareholder value.
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