The post Metaplanet to Raise $137M to Increase Bitcoin Holdings appeared first on Coinpedia Fintech News
Tokyo-listed Metaplanet has launched a $137 million stock offering to fund further Bitcoin purchases, reinforcing its aggressive strategy to build one of the largest corporate Bitcoin treasuries. The company plans to issue new shares and stock acquisition rights to raise about ¥20.7 billion, with most proceeds earmarked for buying more Bitcoin and supporting its Bitcoin income business. Metaplanet, already among the top global corporate holders of Bitcoin, aims to deepen its exposure as institutional interest in digital assets grows.
