Metaplanet to Raise $21 Million for Bitcoin Expansion

Metaplanet, a Japanese investment firm, is planning to expand its Bitcoin holdings by raising an additional $21 million. The company will issue ordinary bonds to fund this expansion. Metaplanet recently announced plans to establish a US subsidiary in Florida to tap into the growing US market and institutional investors. The subsidiary aims to raise an additional $250 million for its Bitcoin accumulation strategy in the US. 206 BTC could be purchased with these funds at current prices, if the firm manages to raise the full amount.