Summary
- MetaPlanet announced plans to raise $750 million to purchase additional Bitcoin.
- The issuance of new stock options is considered the largest Bitcoin purchase funding in the history of the Asian stock market.
- MetaPlanet plans to increase its Bitcoin holdings to 10,000 by the end of this year and to 21,000 by next year.
MetaPlanet, which models itself after Japan's MicroStrategy, is seeking to raise funds to increase its Bitcoin (BTC) holdings.
On the 28th (local time), MetaPlanet announced via its official X (formerly Twitter) that it will issue new stock options to raise up to 116 billion yen (approximately $745 million) to purchase Bitcoin. This is described as the largest Bitcoin purchase funding in the history of the Asian stock market.
Additionally, MetaPlanet stated, "We plan to increase our Bitcoin holdings to 10,000 by the end of this year and to 21,000 by next year."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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