Metaplanet raises ¥62 million for Bitcoin acquisition, expanding its digital asset strategy and global influence.
The company will issue 29,000 units of SARs to EVO FUND, a Cayman Islands-based investment management firm, via a third-party allotment.
This move is part of Metaplanet’s strategy to bolster its financial standing. EVO FUND is set to exercise the rights on the 16th of December.We have made it clear that we intend to utilize debt and periodic stock issuance to systematically increase our Bitcoin holdings while reducing exposure to a depreciating yen.”
“Meanwhile, the Japanese yen continues to depreciate, with the USD/JPY exchange rate returning to the 154 level on the same day, presenting ongoing concerns.” In the past month, Metaplanet has made significant strides. It completed its 11th series of stock acquisition rights, raising ¥10 billion .Currently, Metaplanet holds 1,142 Bitcoin, valued at approximately $109 million.
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