Japanese hotel investor, Metaplanet, has raised approximately $745 million in the largest capital raise in Asian equity market history. The company issued 21 million shares through 0% discount moving strike warrants, allowing holders to buy shares at the current market price. This move is part of Metaplanet's "Bitcoin-first, Bitcoin-only" strategy, which involves increasing its bitcoin holdings due to the yen's devaluation and Bitcoin's all-time high. Metaplanet is currently the fifteenth largest publicly traded bitcoin holder, with 1,762 BTC.
Content Editor ( coindesk.com )
- 2025-01-28
Metaplanet Announces Largest Raise by an Asian-Listed Firm to Buy Bitcoin
