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Metaplanet Raises $66 Million for Future Initiatives, Focusing on Bitcoin

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3 hours ago

Metaplanet has completed a stock rights sale, raising $66 million for future initiatives, including exploring Bitcoin's growth.

Metaplanet's Stock Rights Sale

Metaplanet Inc. raised $66 million through a stock rights sale to fund future projects, including exploring Bitcoin's growth potential. The investment came from exercising its 11th stock acquisition rights. Between September 6 and October 22, 2024, Metaplanet fulfilled 18 million units of stock rights, issuing an equal number of shares to participants and raising 10 billion yen.

Investments in Future and Cryptocurrency

The funds are expected to support future ventures and allow Metaplanet to expand its presence in the cryptocurrency world, focusing on Bitcoin and other emerging technologies.

Early Redemption of Bonds

In addition to the stock rights sale, Metaplanet decided to early redeem its 2nd series of ordinary bonds. The bonds were due in June 2025, but the sole bondholder, EVO FUND, requested early redemption.

These actions reflect Metaplanet's increased interest in the cryptocurrency market and optimization of its financial position.

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