
The deal gives Metaplanet a new, low‑dilution financing source linked to Bitcoin performance, potentially stabilizing its balance sheet and attracting institutional capital despite a steep decline in its common‑stock price.
Metaplanet announced a $150 million capital raise by issuing MERCURY, a Class B perpetual preferred equity linked to Bitcoin, alongside its senior MARS preferred shares. The offering targets institutional investors and aims to strengthen the company’s bitcoin‑centric balance sheet.
Comments
Want to join the conversation?
Loading comments...