Summary
- MetaPlanet announced that it had raised $515 million to accumulate Bitcoin reserves.
- The funds were secured by issuing new shares and are intended to be used entirely for Bitcoin purchases.
- MetaPlanet has announced plans to reserve 210,000 BTC by 2027, and currently holds 11,111.
MetaPlanet, regarded as a Japanese strategy, has reportedly raised 749 billion yen (approximately $515 million) to stockpile Bitcoin (BTC).
On the 25th (local time), MetaPlanet announced via press release, "In line with our plan to hold 1% of the Bitcoin supply, we raised 749 billion yen through the issuance of new shares," stating that the funds raised will be used for purchasing Bitcoin.
Meanwhile, MetaPlanet previously announced its plan to reserve 210,000 BTC by 2027. The current Bitcoin holdings amount to 11,111.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
