Metaplanet raises $515 million through new share issuance to increase Bitcoin holdings

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MarsBit
06-25
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Mars Finance reports that on June 25, the Japanese listed company Metaplanet announced that it has successfully raised 74.9 billion yen (approximately $515 million) in capital by issuing 54 million shares through the exercise of its 20th stock subscription rights, which will be used to purchase more Bitcoin. This issuance represents 29% of the company's warrants, with approximately 1.31 million warrants (about 131 million shares) remaining to be exercised. Previously, Metaplanet planned to issue a total of 555 million new shares (92% of circulating shares) to raise $5.4 billion for Bitcoin acquisitions.

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