Metaplanet plans to raise $135 million through the issuance of new Class B perpetual preferred shares as part of a broader restructuring tied to its Bitcoin treasury strategy.
Metaplanet is preparing another major capital raise through the issuance of its new Class B perpetual preferred shares to expand its Bitcoin-focused treasury strategy.
According to filings submitted to the Tokyo Stock Exchange, the firm plans to issue 23.6 million Class B shares at 900 yen ($5.71) each, bringing the total raise to 21.2 billion yen (roughly $135 million). The offering will be executed through a third-party allotment to overseas investors, pending approval at an extraordinary shareholder meeting set for Dec. 22, 2025.
The new Class B shares come with a fixed annual dividend of 4.9% on a $6.34 notional amount, translating to $0.078 per quarter once regular payments begin. Holders will have the right to convert the preferred shares into common stock at a $6.34 conversion price.
