Metaplanet plans to raise 745.5 million USD (approximately 116 billion Japanese yen) through the issuance of 21 million shares with 0% discount warrants to enhance its Bitcoin holdings.
The firm previously purchased 619.7 BTC for about 60.6 million USD in December and aspires to increase its total holdings from 1,761 BTC currently to 10,000 BTC by the end of 2025.
On the latest stock market close, Metaplanet’s shares rose by 3.1% to 4,160 yen, illustrating positive sentiment as the demand for BTC grows, reflected by its recent price increase.