On January 29, the board of directors of Metaplanet, a Japanese Bitcoin Crypto Treasury (DAT) company, resolved to issue common stock and 25th tranche of share options through a third-party placement, planning to raise approximately $135 million. The proceeds will primarily be used to increase Bitcoin holdings and invest in Bitcoin yield-generating businesses, while also repaying part of its credit line.
Metaplanet plans to raise approximately $135 million, primarily to increase its Bitcoin holdings.
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