Metaplanet Raises $531M for Bitcoin Buying Spree
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Metaplanet, a Japanese company, secured $255 million to boost its bitcoin holdings through a share sale and warrants. The warrants have a unique feature tied to the companys net asset value, ensuring new shares enhance bitcoin per share. The company suspended older warrants to focus on this funding round, which led to a 5% stock increase as bitcoin surpassed $73,000. Metaplanet now holds 35,102 bitcoins and aims to acquire 210,000 in the long run.
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