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Jun 25, 2025, 7:46 a.m.
- Metaplanet completed 10% of its 555 Million Plan on Day 1, issuing 54 million shares and raising $515 million.
- The Blockchain Group raised $4.8 million at 5.085 euros per share, supporting its bitcoin-per-share growth model through TOBAM
Metaplanet Inc (3350) and the Blockchain Group (ALTBG) both executed substantial equity capital raises as part of their initiatives to focus on bitcoin accumulation for treasury purposes.
the exercise of its 20th series of stock acquisition rights under the recently announced 555 Million Plan, raising 74.9 billion yen, ($515 million) in a single day. It issued 54 million new shares on Wednesday following the exercise of 540,000 stock acquisition rights, representing 29% of the total rights issued.
STORY CONTINUES BELOW
The issue is the first major capital injection under the plan and represents 10% of the full target. Metaplanet stock slumped as much as 15% before rallying strongly to close up 4%. CEO emphasized the strategic milestone with a post on X, highlighting the strong start to the program.
The Blockchain Group (ALTBG), for its part, increase through an at-the-market-type equity issuance agreement with TOBAM.
Shares in the Euronext Growth Paris-listed company were issued at an average price of 5.085 euros each. The capital raise aligns with the company’s strategy to increase the number of bitcoin per share on a fully diluted basis. The Blockchain Group currently holds 1,653 BTC and is the first of its kind in Europe pursuing such a model.
Blockchain Group shares were recently 3.7% lower at 4.785 euros.
James Van Straten is a Senior Analyst at CoinDesk, specializing in Bitcoin and its interplay with the macroeconomic environment. Previously, James worked as a Research Analyst at Saidler & Co., a Swiss hedge fund, where he developed expertise in on-chain analytics. His work focuses on monitoring flows to analyze Bitcoin’s role within the broader financial system.
In addition to his professional endeavors, James serves as an advisor to Coinsilium, a UK publicly traded company, where he provides guidance on their Bitcoin treasury strategy. He also holds investments in Bitcoin and Strategy (MSTR).
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