Metaplanet Invests $135 Million to Bolster Bitcoin Holdings Amid Market Correction

Metaplanet, a leading Bitcoin treasury firm headquartered in Japan, is undertaking a significant investment of $135 million to expand its holdings. The company’s strategy comes amidst a market downturn affecting Bitcoin prices significantly. Following an all-time high reached earlier this year and subsequently plummeting over 30%, Metaplanet plans to raise funds through a share offering. The firm will issue 23.6 million Class B shares priced at 900 yen ($5.71) each, bringing the total funding to 21.249 billion yen upon approval of shareholder investors.