Metaplanet Plans to Raise $3.70 billion to Boost Bitcoin Mass Purchase Program
2025-08-01 18:54:14
Japanese investment firm Metaplanet has applied to raise $3.70 billion through preference shares to fund bitcoin purchases in order to reach its goal of reaching 210,000 BTC by 2027. The proposed offering, which represents 75% of its current market capitalization, is subject to shareholder approval on September 1. Metaplanet said there are no concrete plans to issue preference shares and it is uncertain whether such an offering will take place.
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