Nakamoto invests 30 million dollars in Metaplanet's Bitcoin strategic reserve

Nakamoto, a subsidiary of KindlyMD, has decided to invest up to 30 million dollars in Japanese Metaplanet's global paid capital increase. According to The Block's report on the 10th (local time), this investment is Nakamoto's largest single investment and its first investment in an Asian listed company that has adopted Bitcoin as a financial asset.

The investment process closes on September 16, and the shares are scheduled to be delivered the next day, the 17th. Metaplanet plans to raise approximately 1.4 billion dollars through this capital increase to be used for Bitcoin purchases, and will issue a total of 385 million new shares.

Metaplanet, listed on the Tokyo Stock Exchange, is the first company in Japan to adopt Bitcoin as a core financial asset. The company purchased an additional 136 BTC (about 15.2 million dollars) one day before the announcement of this investment, increasing its total holdings to 20,136 BTC, which is the sixth largest among publicly listed companies worldwide.

Nakamoto's entry into Bitcoin finance accelerated after merging with its parent company KindlyMD in August. It is pursuing a dual strategy of providing medical services and investing in virtual assets, and this investment is the first example of that.

Meanwhile, KindlyMD's Nasdaq-listed stock (ticker NAKA) surged 77.2% in one day after the investment news, closing at 8.08 dollars. However, despite a 43.4% decline over the past month, it has still risen 551.6% year-to-date.