{"id":605529,"date":"2024-11-29T12:28:18","date_gmt":"2024-11-29T12:28:18","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=605529"},"modified":"2024-11-29T12:28:18","modified_gmt":"2024-11-29T12:28:18","slug":"metaplanet-to-raise-62-million-to-buy-more-bitcoin-calls-adding-btc-urgent","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/metaplanet-to-raise-62-million-to-buy-more-bitcoin-calls-adding-btc-urgent","title":{"rendered":"Metaplanet To Raise $62 Million To Buy More Bitcoin, Calls Adding BTC ”Urgent”"},"content":{"rendered":"

Investment firm Metaplanet, known as Japan’s MicroStrategy, plans to raise over $62 million to buy more Bitcoin via the issuance of stock acquisition rights, and said that adding more BTC to its holdings is “urgent.”<\/span><\/p>\n

In a Nov. 28 statement, Metaplanet said “we recognize the urgent importance of increasing our Bitcoin holdings and have therefore decided to proceed with this fundraising initiative.” The company currently holds 1,142 Bitcoin,<\/span><\/p>\n

\"Japanese<\/p>\n

Metaplanet Notes BTC’s Growing Prominence While The Yen “Continues To Depreciate”<\/span><\/h2>\n

Metaplanet said in its <\/span>statement<\/span><\/a> that it would issue a 12th Stock Acquisition Rights to the Cayman Islands-based EVO Fund through a third-party allotment of 29,000 units.<\/span><\/p>\n

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*Metaplanet Announces Issuance of Moving Strike Stock Acquisition Rights to Raise Up to ¥9.5 billion ($62 million) for Accelerated Bitcoin Accumulation* pic.twitter.com\/bL7rs6Qkk4<\/a><\/p>\n

— Metaplanet Inc. (@Metaplanet_JP) November 28, 2024<\/a><\/p><\/blockquote>\n