Overview
- CEO Simon Gerovich said the company will steadily continue accumulating bitcoin despite this week’s selloff.
- Metaplanet holds 35,102 BTC at an average acquisition cost near $107,000 per coin, leaving the position deeply underwater.
- The company plans to raise up to 21 billion yen by issuing 24.53 million new shares at 499 yen with attached warrants to fund further purchases and repay debt.
- Shares fell about 5–6% on Friday and have dropped more than 60% over the past six months, with the stock ending the week at 340 yen.
- Metaplanet reports roughly $280 million in outstanding debt and ranks among the largest publicly traded bitcoin holders globally.