Metaplanet Raises Capital to Bolster Bitcoin Holdings

Japanese listed company Metaplanet plans to raise ¥130.3 billion through issuing new shares, aiming to increase its Bitcoin reserves significantly. The company intends to purchase approximately ¥123.8 billion worth of Bitcoin and will use the remaining funds for supporting Bitcoin financial operations. This move marks a significant step towards establishing Metaplanet as a leading Bitcoin treasury entity in Japan.