Metaplanet Raises $135 Million to Boost Bitcoin Reserve

Tokyo-listed company Metaplanet is poised for expansion, aiming to solidify its position within the cryptocurrency market by raising $135 million through a strategic fundraising. The proceeds will bolster its existing Bitcoin treasury strategy and potentially propel it towards an ambitious goal of accumulating 100,000 BTC by 2026. This move comes at a time when institutional adoption of cryptocurrencies is growing, with Metaplanet choosing to avoid traditional debt financing while pursuing this bold initiative.