Metaplanet Raises ¥10B ($66.28M) in 11th Stock Acquisition to Expand Bitcoin Holdings

Oct 23, 2024, 07:21 AM

Metaplanet Inc., a Japanese firm, has successfully raised 10 billion yen (approximately $66.28 million) through its 11th stock acquisition rights exercise. The capital was raised from 13,774 shareholders, including significant backing from BlackRock. This funding is intended to expand Metaplanet's Bitcoin holdings. The company, often referred to as Asia’s MicroStrategy, aims to become a major Bitcoin holder and currently holds 855.478 BTC.