Japan-based Metaplanet, an investment firm, finalized its 11th Stock Acquisition Rights exercise period, raising 10 billion yen to bolster its Bitcoin assets. The high exercise rate of 72.8% saw participation from 13,774 shareholders, showing strong investor interest.
CEO Simon Gerovich shared the results on X, highlighting that unexercised rights will be transferred to EVO FUND, which will handle their execution. This strategic move is expected to significantly increase Metaplanet's Bitcoin holdings, positioning it as "Asia's Microstrategy" for its aggressive Bitcoin investment strategies.
The exercise of these rights by EVO FUND illustrates a strategic collaboration that enhances Metaplanet's asset base, capitalizing on Bitcoin's potential growth in the financial markets.
