Metaplanet Inc., a Tokyo-listed investment firm, has raised 10 billion yen ($66 million) through its latest stock acquisition rights program.
Funds Raised for Bitcoin Investments
The firm announced that it completed its stock acquisition rights exercise, involving over 13,700 shareholders. This stock rights program allowed investors to purchase shares at a discounted rate, and the funds raised will support Metaplanet’s ongoing Bitcoin investments.Metaplanet’s Bitcoin Strategy
Metaplanet has been on a Bitcoin buying spree, with recent purchases bringing its total holdings to over 855 BTC. The firm has made Bitcoin its primary treasury asset, and this new capital injection will likely increase its Bitcoin reserves even further.Future Outlook
Metaplanet’s CEO, Simon Gerovich, has been vocal about the firm’s optimism regarding Bitcoin’s future value. Metaplanet recently adjusted its Bitcoin put options strike price to $66,000, underscoring its bullish stance on the cryptocurrency. Despite a drop in its stock price, the firm remains committed to expanding its Bitcoin holdings.
Read the full article on
theblock.
