Metaplanet Raises $1.2 Billion to Acquire More Bitcoin

Japanese investment firm Metaplanet is expanding its Bitcoin holdings with a major share offering of up to $1.2 billion. The majority of this funding ($837 million) will be dedicated to acquiring additional Bitcoin, fueling their aggressive strategy in the digital asset space. Metaplanet’s confidence stems from the firm’s belief in Bitcoin as both a hedge against currency fluctuations and a long-term store of value.