Metaplanet Raises $150M via New Bitcoin-Backed Perpetual Preferred Equity Offering

Why It Matters

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.

Deal Summary

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.