Metaplanet CEO: Metaplanet to Raise Potentially $234 Million to Purchase BTC, Has Issued 100 Million Warrants with mNAV Clause

SmartContractAuditor · 2026-03-16T10:11:40+00:00

Metaplanet CEO Simon Gerovich announced that the company is issuing 100 million mobile-exercisable warrants with mNAV clauses, with an exercise condition of the stock price being higher than 1.01 times mNAV. This mechanism is expected to raise approximately $234 million in funds for the company to purchase Bitcoin.

SmartContractAuditor

2026-03-16 10:11:40

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Odaily Planet Daily reports that Metaplanet CEO Simon Gerovich announced on X platform that the company has issued 100 million mobile exercise warrants with mNAV terms. According to the design, the warrants can only be exercised when the company’s stock price exceeds 1.01 times the mNAV, ensuring that each new share issued increases shareholder value.

Simon Gerovich stated that this mechanism is expected to raise an additional approximately $234 million for the company to purchase Bitcoin, and the warrants will only be triggered when there is a gain in the amount of BTC held per share.

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