Metaplanet Invests $15.2 Million in Bitcoin Amidst Share Plunge and Capital Raise Plan

Japanese Bitcoin treasury firm Metaplanet recently added a significant amount to its Bitcoin holdings, investing an additional $15.2 million into the cryptocurrency. This purchase comes as Metaplanet’s shares have experienced a sharp decline over the past month, dropping by 32%. The company is currently pursuing a potential $3.7 billion capital raise aimed at growing its Bitcoin stockpile towards 210,000 coins by 2027. Analysts attribute this investment and share price dip to profit-taking, potential share issuances, and overall market uncertainty.