Metaplanet To Raise $62 Million To Buy More Bitcoin, Calls Adding BTC ”Urgent”
Investment firm Metaplanet, known as Japan’s MicroStrategy, plans to raise over $62 million to buy more Bitcoin via the issuance of stock acquisition rights, and said that adding more BTC to its holdings is “urgent.” In a Nov. 28 statement, Metaplanet said “we recognize the urgent importance of increasing our Bitcoin holdings and have therefore decided to proceed with this fundraising initiative.” The company currently holds 1,142 Bitcoin, Metaplanet Notes BTC’s Growing Prominence While The Yen “Continues To Depreciate” Metaplanet said in its statement that it would issue a 12th Stock Acquisition Rights to the Cayman Islands-based EVO Fund through a third-party allotment of 29,000 units. *Metaplanet Announces Issuance of Moving Strike Stock Acquisition Rights to Raise Up to ¥9.5 billion ($62 million) for Accelerated Bitcoin Accumulation* pic.twitter.com/bL7rs6Qkk4 — Metaplanet Inc. (@Metaplanet_JP) November 28, 2024 ...