Metaplanet Raises 4.5 Billion Yen to Boost Bitcoin Holdings
The post Metaplanet Raises 4.5 Billion Yen to Boost Bitcoin Holdings appeared on BitcoinEthereumNews.com.
Metaplanet raises 4.5 billion yen to expand Bitcoin holdings, boosting stock prices and strengthening its position in the crypto market. In a major development, Metaplanet, often referred to as Japan’s MicroStrategy, raised 4.5 billion Japanese Yen through the issuance of ordinary bonds on December 17. These bonds, which carry no interest, were sold to EVO FUND. The bonds have a maturity date set for June 16, 2025. The money received will go towards purchasing more bitcoins for the company to hold. This latest move is part of Metaplanet’s continuing drive to build up its cryptocurrency holdings. After the bond issuance, Metaplanet, the company in question, saw its stock price soar to new record highs. The stock reached ¥4,270 and traded 17.8 million shares at ¥1,580,000,000 (~¥27.8 billion or $180 million). Consequently, the value of outstanding shares of the company reached and exceeded $1 billion, thus indicating the company’s increasing power within the market. Besides the bond issuance, Metaplanet has also revealed a new plan to increase its Bitcoin reserve even more. The company plans to offer floating exercise price stock subscription rights to be used to raise 9.5 billion yen, or approximately 62 million US dollars. The extra capital will be applied to increase Bitcoin purchases, which were initiated on November 28, 2024. This move shows that Metaplanet is very willing to grow its digital asset holdings in the future. Metaplanet Strengthens Position in Crypto Market with Strategic Focus on Bitcoin Mr. Simon Gerovich of Metaplanet posted the achievement of the company on his X account. He mentioned high stock growth and record highs in trading activity. Gerovich said this has been a very important achievement for the company, especially because the stock has grown. They became influential in the cryptocurrency market, and this success can be attributed to Metaplanet.…
