Metaplanet Announces $70 Million Stock Rights Offering to Further Boost Bitcoin Investments
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Metaplanet, a leading Japanese firm, has announced a significant $70 million stock rights offering. This initiative is primarily aimed at bolstering its Bitcoin investments, with $58.76 million of the funds allocated for acquiring more Bitcoin. This strategic move aligns with Metaplanet's broader plan to expand its cryptocurrency holdings and mitigate risks associated with currency depreciation. Currently, Metaplanet holds around 246 Bitcoin, and this new funding is expected to substantially increase its Bitcoin portfolio.
Source: news.bitcoin.com ↗
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