Bitcoin Proxy's Leader Pursues Financial Solutions as Operational Momentum Slows Down

Metaplanet Inc., the global technology company known for its significant investment in Bitcoin, has announced the closing of financing agreements involving an international share offering. The offering, led by Morgan Stanley and Cantor Fitzgerald as syndicate leaders, raised nearly $880 million to purchase Bitcoin.

The funding strategy employed by Metaplanet is called the "flywheel," which involves selling equity to the Evo Fund via moving strike warrants. The Evo Fund has also acquired significant shares and stock options to support Bitcoin-related financing activities.

With this latest funding round, Metaplanet has raised over $1.6 billion this year alone to fuel its Bitcoin buying spree. The company aims to increase its Bitcoin holdings to 100,000 tokens by the end of next year, and then roughly double it again in 2027.

Currently, Metaplanet holds 18,991 Bitcoin, worth approximately $2.1 billion. However, the company's stock has taken a hit, with its value halving since mid-June, after soaring over 400% since the start of 2025. This recent slump has made it less compelling for the Evo Fund to exercise its warrants, generating less capital to buy Bitcoin.

In an effort to secure additional funding, Metaplanet's president, Simon Gerovich, is seeking to raise $884 million by selling shares overseas. The company is planning to issue preferred shares, a rarity in Japan, to attract investors due to the country's low interest rates.

The preferred shares would pay a maximum 6% dividend, making them attractive to investors. However, the falling stock price of Metaplanet means that each share exercise generates less capital for Bitcoin purchases.

Interestingly, Eric Trump, son of the U.S. President, has been granted 3.3 million of Metaplanet's shares.

It's worth noting that there are over 170 public companies worldwide with Bitcoin on their balance sheets, with combined holdings worth over $111 billion. The Bitcoin premium, a closely-watched metric for Bitcoin treasury investors, has decreased significantly.

However, Metaplanet's market value is now roughly double that of its Bitcoin holdings, highlighting the potential growth in the value of its Bitcoin investments. Despite the challenges, Metaplanet remains committed to its Bitcoin strategy.

Tomorrow, shareholders of Metaplanet Inc. will vote on a proposal to allow the issuance of preferred stock. The outcome of this vote could significantly impact Metaplanet's future funding and Bitcoin buying strategies.

In conclusion, Metaplanet Inc.'s strategic approach to Bitcoin investment, despite the recent stock slump, continues to attract significant funding and attention in the global market. The company's future plans, including the issuance of preferred shares, could provide a boost to its Bitcoin buying spree and overall growth strategy.

Bitcoin Proxy's Leader Pursues Financial Solutions as Operational Momentum Slows Down