Metaplanet Plans $62M Raise to Boost Bitcoin Holdings
The post Metaplanet Plans $62M Raise to Boost Bitcoin Holdings appeared first on Coinpedia Fintech News
Japanese investment firm Metaplanet, often called “Asia’s MicroStrategy,” announced plans to raise $62 million through its 12th series of stock acquisition rights (SARs). Partnering with EVO FUND, Metaplanet will issue 29,000 SAR units, each priced at 614 yen, with regulatory approval pending. Proceeds will fuel its aggressive Bitcoin accumulation strategy, leveraging both debt and stock issuance to counter a weakening yen. With 1,142 Bitcoin already valued at $109.16 million, Metaplanet also secured licensing rights to launch Bitcoin Magazine in Japan, underscoring its commitment to expanding the nation’s Bitcoin ecosystem.
