Japanese Firm Metaplanet Announces $58.76 Million Bitcoin Investment Plan
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Japanese firm Metaplanet plans to raise about $70 million through stock rights issuance. Of these funds, the company intends to invest $58.76 million in Bitcoin. Currently, Metaplanet holds approximately 246 Bitcoins, valued at around $13.4 million. This strategy mirrors that of MicroStrategy, which has accumulated over 220,000 Bitcoins.
Metaplanet's move is a significant step in its investment strategy, showing a keen interest in the growth and potential of Bitcoin.
The company's plans highlight the increasing trend among firms to diversify their assets with cryptocurrency investments, particularly Bitcoin.
Source: blockonomi.com ↗
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