Metaplanet Secures $87 Million to Boost Bitcoin Holdings and Enhance Digital Asset Strategy

On March 4th, COINOTAG News reported that the Japanese publicly traded firm Metaplanet successfully completed a significant exercise of the 13th and 14th series stock subscription rights through a third-party directed issuance. This initiative resulted in an impressive capital raise of approximately 12.97 billion yen (or about 87 million US dollars). The financing was bolstered by EVO FUND, with a portion allocated to prepaying prior obligations under the 7th series unsecured bonds. Metaplanet’s ongoing strategy involves utilizing this influx of capital to bolster its holdings in Bitcoin, reflecting a pronounced commitment to strengthening its digital asset investment approach. This move underscores a growing trend among companies looking to integrate cryptocurrencies into their financial portfolios in a calculated and strategic manner.