Metaplanet Secures $1.2 Billion Through Share Issuance, Allocates Funds for Bitcoin Purchases

Japanese investment firm Metaplanet has secured a $1.2 billion funding boost through an overseas share issuance. The company will utilize approximately $835 million of this total to purchase additional Bitcoin and bolster its treasury reserves. 555 million new shares are planned for issuance, potentially increasing their outstanding stock from 722 million to about 1.27 billion shares. Pricing details for the offering are set between September 9th and 11th with payments expected shortly after.