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Metaplanet Raises ¥10 Billion for Bitcoin Expansion

by

2 hours ago

The Japanese company Metaplanet has completed its 11th stock acquisition rights offering, raising ¥10 billion to expand its Bitcoin holdings and strengthen its market position.

Metaplanet's New Strategy

The company secured funds through interest from over 13,700 individual and corporate investors. Metaplanet aims to use this investment to expand its Bitcoin holdings, following the strategy of MicroStrategy. Global asset manager BlackRock's participation added credibility to the company's strategy.

Bitcoin Holdings Grow to 861 BTC

Since May 2024, Metaplanet has been rapidly increasing its Bitcoin holdings, reaching 861 BTC. In mid-October, the company acquired an additional 107 BTC, strengthening its regional positions. Despite Bitcoin's price volatility, Metaplanet sees acquisition as an opportunity.

Investor Support Fuels Plans

The successful stock offering supports the company's plans to increase Bitcoin. The company's CEO, Simon Gerovich, expressed gratitude to shareholders, noting that this would help Metaplanet achieve its long-term goals.

Strong investor support enables Metaplanet to continue its aggressive Bitcoin acquisition strategy, reinforcing its position as a leading crypto asset holder in Asia.

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