TOKYO, Apr 02 (Pulse News Wire) – Metaplanet Inc. (3350.T) reported its activities for the first quarter of fiscal year 2026 ended March 31.
During this period, the company purchased an additional 5,075 bitcoins at an average price of ¥12.5 million per bitcoin, totaling 636 billion yen. As of March 31, 2026, the total number of bitcoins held by the company stands at 40,177 with an average purchase price of ¥15.5 million per bitcoin, amounting to 6,233 billion yen. In addition, the company's Bitcoin Income operation generated sales of ¥2.969 billion during the same period. This operation uses Bitcoin-related options to create stable operating revenue while supporting the company’s long-term Bitcoin accumulation strategy.
The income generated from this operation contributes to funding the acquisition of more bitcoins and serves as a foundation for capital policy, including dividend payments on preferred shares. Regarding capital market activities, the board approved the issuance of ordinary shares and subscription warrants to overseas institutional investors on January 29, 2026 at a price of ¥499 per share, raising a total of ¥12.24 billion. Additionally, on March 16, 2026, the board resolved to issue ordinary shares and subscription warrants through a rights offering, raising another ¥40.80 billion at a price of ¥380 per share. These transactions represent innovative financing methods aimed at maintaining balance sheet leverage without adding senior debt.
Part of the proceeds was used to repay existing borrowings, aligning with the company's strategy to maintain healthy capital structure above preferred stock.
🟡 Confidence: Standard AI-translated content.