Japanese investment firm Metaplanet has concluded the exercise period for its 11th Stock Acquisition Rights, achieving a 72.8% exercise rate with participation from 13,774 individual shareholders. The unexercised rights will be transferred to EVO FUND, which will bring Metaplanet's total funding to 10 billion yen. Metaplanet is known as "Asia's MicroStrategy" for its Bitcoin acquisition strategy and currently holds 861.387 Bitcoin. By completing the stock acquisition rights, the firm aims to double its Bitcoin holdings. The recent Bitcoin accumulation included a purchase of 107 coins, costing around $62,520 per coin. Despite a recent decline in Bitcoin's price, the cryptocurrency has seen gains over the past week and month. Metaplanet's stock value has also surged due to its Bitcoin buying spree.
- Content Editor ( coinedition.com )
- 2024-10-22
Metaplanet “Asia’s Microstrategy” Raises 10 Billion Yen to Boost Bitcoin Holdings