Japan’s MicroStrategy Metaplanet Plans $745 Million Bitcoin Acquisition
Metaplanet, known as Japan’s MicroStrategy, has revealed plans to raise $745 million to increase its Bitcoin holdings by two times within the next two years. The Japanese firm has been actively raising funds, securing over 1,700 Bitcoins in the last eight months. This aggressive BTC accumulation has benefited the company’s stock price, which has skyrocketed more than 2,000% since the company started investing in the leading crypto. MicroStrategy’s Bitcoin strategy has influenced Metaplanet, whose goal is to accumulate a substantial amount of Bitcoins as part the firm’s 2025-2026 plan. Metaplanet Prepares For ¥116 Billion For BTC Purchase In a Jan. 28 announcement, Metaplanet revealed that it issued 21 million shares of 0% discount moving strike warrants in a landmark capital raise. Through this issuance, the company is set to generate approximately ¥116 billion, which is around $745 million. These funds will be directed towards additional...