Summary
- MetaPlanet said it will raise 205 billion yen (about 1.9 trillion won) to incorporate Bitcoin as a principal asset.
- It said this fundraising will be carried out through the issuance of 385 million new shares.
- It said the funds will be used for Bitcoin purchases and the operation of Bitcoin-related businesses.
On the 9th (local time), according to Bitcoin Magazine, a virtual asset (cryptocurrency) specialist media outlet, Japan-listed company MetaPlanet announced it will issue 385 million new shares to incorporate Bitcoin (BTC) as a principal asset and raise 205 billion yen (about 1.9 trillion won).
The funds raised will be used to purchase Bitcoin and to operate Bitcoin-related businesses.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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