Metaplanet Greenlights $137M Overseas Capital Raise

Tokyo-listed Bitcoin-focused company Metaplanet approved an overseas capital raise of as much as $137 million, combining new common shares and stock acquisition rights as it looks to expand its Bitcoin holdings and reduce debt.

In a Thursday filing, Metaplanet said it plans to issue 24.5 million common shares at 499 Japanese yen per share, raising about 12.24 billion yen ($78 million) upfront. It also approved the issuance of 159,440 stock acquisition rights, representing up to 15.9 million additional…