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Metaplanet Inc., a Tokyo-listed investment firm, successfully raised approximately $66 million (10 billion yen) through a stock acquisition rights offering, which saw participation from 13,774 individual shareholders. The offering, which began on September 6 and concluded on October 15, allowed shareholders to purchase shares at a discounted rate, helping the company boost its financial resources for future investments.
Although the firm did not specify the exact use of the funds, Metaplanet has been actively increasing its Bitcoin holdings as part of its strategy. In May, the company began adopting Bitcoin as its treasury reserve asset. Recently, Metaplanet purchased an additional 106.976 BTC, worth around $6.6 million, bringing its total Bitcoin holdings to 855.478 BTC, valued at approximately $57.4 million at current market prices.
Additionally, the firm has made adjustments to its Bitcoin put options, raising the strike price from $62,000 to $66,000, signaling confidence in Bitcoin’s future price trajectory. Despite this optimism, Metaplanet’s stock closed down 6.57% at 1,110 yen on Wednesday, although it has seen a 6.53% increase over the past month and an impressive 593.75% rise year-to-date.
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Metaplanet’s actions reflect a growing trend of corporate interest in Bitcoin, with MicroStrategy leading the way as the largest corporate Bitcoin holder, boasting 252,220 BTC. Marathon Digital follows with 26,842 BTC.
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