Metaplanet, popular as Japan’s MicroStrategy, has announced a massive $745 million fundraising plan in an aggressive push to increase its Bitcoin holdings. Following MicroStrategy’s Bitcoin playbook, the Japanese firm has been raising funds and has acquired over 1,000 Bitcoin already over the past six months. Additionally, the company also unveiled its 2025-2026 plan where it plans to acquire a total of 21,000 Bitcoins in the next two years.
Metaplanet Announces Historic ¥116 Billion Capital Raise for BTC Purchases
In the latest announcement, the Japanese firm issued 21 million shares of 0% discount moving strike warrants in a landmark capital raise, set to generate approximately ¥116 billion i.e. $745 million. Metaplanet declared that it would direct these funds towards additional Bitcoin purchases.
Just as MicroStrategy continues its Bitcoin buying spree with the latest 10,107 BTC purchase, the Japanese firm is making similar moves. Following the board meeting on January 28, the company approved the issuance of the 13th to 17th series of stock acquisition rights.
Furthermore, for this capital raise, the company has also entered into a Stock Issuance Rights Purchase Agreement with EVO FUND. The announcement came as Bitcoin price has once again caught the upward trajectory gaining 3.5% and moving past $102K levels again.
Bhushan Akolkar
Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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