Metaplanet plans to raise $234 million through "warrants" to purchase BTC

CycleProphet · 2026-03-16T10:01:21+00:00

Metaplanet CEO Simon Gerovich announced that the company issued 100 million dynamic strike price warrants, expected to raise approximately $234 million for BTC purchases. These warrants introduce an mNAV clause to ensure that new share issuance is accretive to shareholder value.

CycleProphet

2026-03-16 10:01:21

Abstract generation in progress

Deep Tide TechFlow News, on March 16, according to Metaplanet CEO Simon Gerovich, the company has issued 100 million Moving Strike Warrants, expected to raise approximately $234 million. The funds will be specifically used to purchase BTC.

This warrants introduction features the innovative mNAV (Market Net Asset Value) clause, which stipulates that exercise is only possible when the stock price exceeds 1.01 times the mNAV. This ensures that each new share issuance adds value to shareholders and that fundraising is only triggered when there is a positive contribution to the BTC holdings per share.

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