Metaplanet Inc., a standout name in the blockchain and technology sectors, has announced a successful issuance of 23.61 million Class B Preferred Shares, raising a total of ¥21.25 billion. This strategic move, executed via a third-party allotment, aligns with the company’s innovative growth strategy and reflects its ongoing commitment to advancing blockchain solutions.
Details of the Capital Raise
The Class B Preferred Shares, named “MERCURY,” were issued at ¥900 per share. Prominent investors in this round include Nautical Funding Ltd., SMALLCAP World Fund, and notable Anson and Ghisallo funds. The capital from this issuance will boost both the capital stock and reserves of Metaplanet Inc. by ¥10.62 billion each, further solidifying its financial position in a highly competitive market.
What’s Next for Metaplanet?
Post issuance, the total number of Class B shares in circulation now stands at 23.61 million. As part of Metaplanet’s long-term strategy, the company plans to temporarily reduce its capital stock to ¥1 from December 30, 2025, a calculated step to fuel sustainable growth and market adaptation.
Blockchain and Beyond
This significant financial milestone underscores Metaplanet’s position as a leader in the blockchain industry. By securing the backing of major global funds, the company reaffirms its reputation for reliability and innovation. Sleek execution like this is not only a win for Metaplanet but also signals the growing investor confidence in blockchain technology’s potential to revolutionize industries, especially finance.
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