Details of the issuance: Metaplanet will issue a total of 29,000 units of rights, each allowing the EVO Fund to purchase 100 common shares at a subscription price of 614 yen per right. The total issuance amounts to 17,806,000 yen.

EVO Fund’s investment strategy: The Japanese investment fund stated that most of the raised funds will be used to buy more Bitcoin, implementing a financial management strategy focused entirely on Bitcoin.

Joining ETF fund: This news follows Metaplanet’s announcement of joining the BLOCK global innovation data sharing ETF, a global index focusing on blockchain technology investment.