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How will Metaplanet's Bitcoin purchase affect its stock price by December 31, 2024?
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Story
Metaplanet to Raise ¥10.08 Billion ($68M) for Bitcoin Purchases on August 6
Aug 6, 2024, 01:18 PM
Japanese investment and consulting firm Metaplanet has announced plans on August 6 to raise ¥10.08 billion (approximately $68 million) through a Gratis Allotment of Stock Acquisition Rights. The proceeds from this initiative will be used to purchase additional Bitcoin, further bolstering the company's cryptocurrency holdings. This move underscores the growing institutional interest in Bitcoin, as Metaplanet, a public company, aims to significantly increase its crypto asset reserves.
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