Skadden advised bitcoin treasury company, Metaplanet Inc., on its approximately ¥212 billion (US$1.4 billion) Rule 144A/Regulation S international common stock offering.
Metaplanet is the largest publicly listed bitcoin holder in Asia and one of the largest publicly listed bitcoin holders globally. Metaplanet plans to use the proceeds of the offering primarily to purchase additional bitcoin.
The corporate team was led by partners Kenji Taneda (Tokyo) and Kenton King (Palo Alto). The Tokyo-based team included counsel Ken Kiyota, Asia Pacific counsel Yuko Ozakiand associates Matthew Longarini and Caleb Johnson. The team also included tax partner Nathan Giesselman and associate Shahab Pournaghshband in Palo Alto.
