Metaplanet issues 100 million warrants with mNAV terms to raise $234 million for BTC purchase

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Release Time: 03/16/2026 10:06:59

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Summary

Metaplanet CEO Simon Gerovich announced the issuance of 100 million moving strike warrants with mNAV terms. The warrants may only be exercised if the stock price exceeds 1.01 times the mNAV. This move is expected to raise $234 million for BTC price-linked purchases. Exercise will occur only if it enhances BTC holdings per share. Altcoins to watch may attract increased attention as market trends evolve.

Odaily Planet Daily reports that Simon Gerovich, CEO of Metaplanet, posted on X that the company has issued 100 million moving strike warrants with mNAV terms. As designed, the warrants can only be exercised when the company’s stock price exceeds 1.01 times the mNAV, ensuring that each newly issued share enhances shareholder value.

Simon Gerovich stated that the mechanism is expected to raise an additional $234 million for the company to purchase Bitcoin, and will only be exercised if it enhances the company’s per-BTC holding.

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