Metaplanet Reverses Course and Erases $220 Million in Warrant Value
Metaplanet cut its Series 10 stock option pool by 41%, from 319.5 million to 188.2 million potential shares, on 11 September 2026.
Bitcoin, markets and the ideas moving crypto.
10 stories · 17 Dec 2024 – 13 Sep 2026
Metaplanet cut its Series 10 stock option pool by 41%, from 319.5 million to 188.2 million potential shares, on 11 September 2026.
Metaplanet agreed to invest 2,100 Bitcoin and $2.5 million in cash into Nasdaq-listed Super League Enterprise, taking a 95.7% stake.
Metaplanet purchased 2,823 bitcoin, lifting its total treasury to 43,000 BTC worth about $2.6 billion.
Metaplanet raised $255 million via a private share placement on 16 March 2026.
Metaplanet reported a 95 billion yen net loss for fiscal 2025, largely from non-cash Bitcoin valuation write-downs.
Metaplanet announced a $150 million raise through Class B perpetual preferred equity on November 20.
Metaplanet executed a $100 million Bitcoin-collateralized loan representing 3 percent of its 30,823 BTC treasury.
Metaplanet has purchased 5,419 BTC worth $615 million, making it the fourth-largest public holder of Bitcoin.
Metaplanet aims to grow its Bitcoin holdings to 10,000 BTC by the end of 2025, leveraging capital market tools to accelerate its strategic acquisitions.
Metaplanet issues $30M in zero-interest bonds to grow its Bitcoin holdings, showcasing a bold strategy to hedge against Japan’s debt and yen volatility.