If successful with its fundraising, Metaplanet could purchase roughly 652 extra Bitcoin for $62 million.
Japanese investment firm Metaplanet hopes to raise over $62 million (9.5 billion Japanese Yen) through a stock acquisition plan to purchase more Bitcoin for its treasury, which currently stands at 1,142 Bitcoin, worth over $109 million.
In a Nov. 28 statement, the company said it would issue a 12th Stock Acquisition Rights to EVO Fund, an investment management firm in the Cayman Islands, through a third-party allotment totaling 29,000 units.
“The majority of the funds raised this time will be strategically allocated for the purchase of additional Bitcoin,” Metaplanet said in its statement.
