Metaplanet acquires 1,009 bitcoins for ~$0.11B, issues 11.5M new shares

Japan-based diversified solutions provider Metaplanet (OTC:MTPLF [https://seekingalpha.com/symbol/MTPLF]) said [https://contents.xj-storage.jp/xcontents/33500/6e67b123/848e/48c5/9bab/adb39f09acfc/140120250829550238.pdf] on Monday that it acquired 1,009 bitcoins for an aggregate purchase price of 16.479 billion yen, or ~$0.11B.

The company had announced [https://seekingalpha.com/news/4456415-metaplanet-soars-on-54b-share-offering-plan-to-amass-210k-bitcoin-by-2027] in June plans to raise ~$5.4B to expand its bitcoin holdings, which were then already valued at nearly $1B.

Metaplanet aims to hold over 210,000 BTC by 2027, viewing it as a hedge against Japan’s economic challenges.

The recent acquisition brings the company's bitcoin holdings to 20,000, purchased for an aggregate price of 302.312 billion yen, or ~$2.05B.

Separately, Metaplanet announced [https://contents.xj-storage.jp/xcontents/33500/cd1f9290/33e5/4f09/9b46/f9ac27fc56b2/140120250829550242.pdf] the issuance of 11.5M new shares through an exercise of stock acquisition rights.

EVO FUND exercised its stock acquisition right during the period from August 27 to August 29.

Additionally, the company said it has executed a partial early redemption of its ordinary bonds.

With the new stock issuance, the total number of issued shares as of August 29 stands at 751,214,340.

MORE ON METAPLANET INC.

* Metaplanet: Japan's Bitcoin Miracle Is Only Getting Started [https://seekingalpha.com/article/4798512-metaplanet-japans-bitcoin-miracle-is-only-getting-started]
* Financial information for Metaplanet Inc. [https://seekingalpha.com/symbol/MTPLF/income-statement]