Metaplanet Continues $5.4B Bitcoin Buying Plan as Holdings Pass 8,000 BTC
The cryptocurrency market has experienced a stark increase in prominence throughout the year so far. Not only is favorable regulation on the horizon, but institutional buying has reached an all-time high. That has been ever-present in Metaplanet, as the company has continued its $5.4 billion Bitcoin buying plan, with its holdings officially surpassing 8,000 BTC. The company has officially launched the largest-ever equity raise completely dedicated to Bitcoin in Asia. Indeed, the decision follows the company’s highly successful 210 million plan, according to CEO Simon Gerovich. Conversely, the funds are set to be raised through 555 million moving strike warrant shares. Metaplanet has launched Asia’s largest-ever equity raise dedicated to Bitcoin: ¥770.9 billion (~$5.4B) capital raise 555 million shares via moving strike warrants First in Japan: issued at a premium to market — enabled by Metaplanet’s high volatility and deep liquidity… pic.twitter.com/UlXHneyDzo — Simon Gerovich ...