- HK Asia Holdings raises HK$65.5M through shares and convertible notes, aiming for capital flexibility without shareholder approval.
- Metaplanet expands Bitcoin holdings to 5,000 BTC after purchasing 145 units for $13.6M as part of its 21 Million Plan.
- With 1,650 BTC added in April, Metaplanet becomes the ninth-largest public holder, accelerating toward its 10,000 BTC target.
HK Asia Holdings Limited and Metaplanet are ramping up their capital and crypto investments in tandem. HK Asia plans to raise HK$65.5 million through a combined share and convertible notes issuance. Meanwhile, Metaplanet acquired 145 new Bitcoin units, reinforcing its aggressive digital asset strategy. These moves signal growing institutional confidence in Bitcoin and blockchain-centered financial strategies across Asia.
On 23 April 2025, HK Asia Holdings confirmed two critical funding agreements after trading hours. The first involves issuing 3,272,000 new Subscription Shares at HK$4.01 each. The second includes Convertible Notes totaling HK$52.38 million. This capital raise aligns with the general mandate, eliminating the need for shareholder approval.
HK Asia Eyes Capital Flexibility with Strategic Issuance
The new shares represent around 0.82% of the current issued capital. When fully issued, this figure slightly drops to 0.81%. Additionally, the convertible notes carry an initial conversion price of HK$5 per share. Upon full conversion, the company will issue 10,475,520 new shares.
These Conversion Shares will represent 2.62% of the existing shares. If fully converted alongside the Subscription Shares, they will account for 2.53% of the total enlarged capital. This structure allows HK Asia to inject liquidity without causing immediate dilution.
Metaplanet Accelerates Bitcoin Accumulation Strategy
In a parallel move, Metaplanet purchased 145 BTC for ¥1.9 billion, worth approximately $13.6 million. The average acquisition price was ¥13.28 million per coin, or about $93,000. This brings its total holdings to 5,000 BTC, valued near $428 million.
Moreover, Metaplanet’s 21 Million Plan targets 10,000 BTC by 2025 and 21,000 BTC by 2026. In April alone, the company added over 1,650 BTC in five transactions worth nearly $153 million. Consequently, Metaplanet is now the ninth-largest public Bitcoin holder.
CEO Simon Gerovich emphasized their commitment to leading the global Bitcoin race. He views Japan as the company’s launchpad. Since mid-2024, Metaplanet has raised over ¥116 billion, or $745 million, marking Asia’s largest capital raise tied to crypto.
