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Metaplanet Raises 62 Million USD to Buy Bitcoin to Enhance Reserves

Funding plan: Metaplanet will issue subscription rights for the Evo fund, with each unit allowing the purchase of 100 common shares at 614 yen. The allocation of 29,000 units is scheduled to start on December 16, 2024.

Growing investment in Bitcoin: This year, Metaplanet has utilized subscription rights to strengthen its ownership of Bitcoin, including the 11th issuance in October that raised 10 billion yen (approximately 66 million USD).

Metaplanet’s stock value growth: Metaplanet’s stock has increased over 1,000% in 2024, indicating strong market interest in Bitcoin.

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