Metaplanet Invests $835 Million in Bitcoin via Share Offering

Metaplanet is raising around $880 million through a share sale, allocating a majority of the proceeds – $835 million – to bolster its Bitcoin holdings. The company plans to issue 180 million new shares, with potential for an additional 375 million if demand warrants it. This move comes as part of Metaplanet’s strategic expansion to enhance its Bitcoin reserves. The company aims to use the proceeds to purchase more Bitcoin and create a secure treasury that protects against currency volatility.