Japans Metaplanet Issues 21 Million Shares to Purchase More BTC
- Metaplanet announced the issuance of 21 million shares to acquire more BTC with its funds.
- The Japanese firm currently holds around 1,761 BTC and plans to increase it to 10,000 BTC by the end of the year.
Metaplanet, also known as Japans Microstrategy, once again turned all the eyes towards it with its latest announcement. The company plans to acquire more Bitcoin, increasing its existing holdings. While Microstrategy is the pioneering global firm to relentlessly purchase BTC, Metaplanet is making headlines following in its footsteps.
*Metaplanet Issues 21 Million Shares of 0% Discount Moving Strike Warrants, Proceeds To Raise Approximately ¥116 Billion to Purchase Additional $BTC; Largest Capital Raise in Asian Equity Markets History to Buy BTC* pic.twitter.com/DHI5ft4iKI
Metaplanet Inc. (@Metaplanet_JP) January 28, 2025
Metaplanet announced that it is going to issue 21 million shares to raise funds for additional BTC purchase. Based on its official post on X, the firm offers these shares of 0% discount moving strike warrants. In exchange, it anticipates raising around 116 billion yen (over 740 million in USD). The firms stock acquisition period will commence from Feb 18, 2025, to Feb 17, 2027.
This raise planned by Metaplanet marks one of the largest capital raises in Asian Equity Markets History. Adding to its previous BTC holdings, the firm is going to raise these funds to buy more Bitcoins.
Metaplanet Holds Over 1,700 BTC
The Metaplanet is one of the renowned Tokyo Stock Exchange listed companies and popularly known for its BTC purchases. The most recent BTC purchase of the firm took place in December 2024. The firm purchased around 620 BTC for 9.5 billion yen, which is over 60 million in USD, increasing their BTC holdings to 1,761 BTC.
Earlier this month, Metaplanet CEO revealed their ambitious plans to increase their BTC holdings to 10,000 BTC by the end 2025. Furthermore, they also plan to leverage partnerships to promote BTC adoption in Japan.
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Read more: https://thenewscrypto.com/japans-metaplanet-issues-21-million-shares-to-purchase-more-btc/
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
