Metaplanet Raises ¥5 Billion for Bitcoin Expansion and Blockchain Advancements

Japanese publicly traded company Metaplanet has announced a major fundraising effort of approximately ¥5 billion to bolster its Bitcoin reserves and develop blockchain technology. The company intends to allocate around ¥3 billion for expanding its Bitcoin holdings and an additional ¥1.5 billion towards advancing blockchain technologies to facilitate digital transformation initiatives.