Metaplanet, a Tokyo-based hotel asset management company, successfully raised ¥10 billion or $66.2 million via stock acquisition rights. The purpose of this capital raising endeavor was to fund the purchase of Bitcoin.
A total of 13,774 shareholders participated in the stock rights exercise. Impressively, the exercise rate was high at 72.8%, indicating substantial interest among shareholders.
Through this financial move, Metaplanet now holds a significant amount of Bitcoin, specifically 861.387 BTC. The average purchase price for this Bitcoin was ¥9.3 million per BTC.
Notably, any unexercised rights from this stock rights exercise will be transferred to EVO FUND. As part of the acquisition process, Metaplanet recently purchased 107 BTC on October 15, 2024.
