Metaplanet Secures $67 Million to Expand Bitcoin Holdings

Bitget App

Trade smarter

Cryptodnes2024/10/22 14:57

By:Cryptodnes

Metaplanet, dubbed the "MicroStrategy of Asia," has raised 10 billion yen through a stock sale as part of its ongoing Bitcoin acquisition strategy.

The funds will be directed toward increasing its Bitcoin holdings, as the company continues to capitalize on Bitcoin’s price, which saw a 2% dip today after failing to surpass the $69,000 resistance.

Over 13,000 shareholders took part in this stock sale, and EVO FUND’s participation played a key role in generating the 10 billion yen in proceeds. With the backing of major institutional players like BlackRock, corporate interest in Bitcoin has grown, signaling a shift toward digital assets within traditional markets.

Metaplanet’s CEO, Somin Gerovich, confirmed that EVO FUND will exercise all rights by October 22, 2024, finalizing the fundraising.

Cardano Expands Ecosystem with Strategic Partnerships

Despite a 5.85% drop in share price after the stock sale, Metaplanet’s stock is still up 644% for the year. The company has been steadily increasing its Bitcoin reserves, now holding over 850 BTC, all accumulated since May 2024.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

Share link:In this post: Netflix used AI to recreate Gabby Petito’s voice in its new docuseries, and people are calling it disturbing and unethical. Viewers slammed Netflix online, saying AI shouldn’t be used to digitally recreate a murder victim’s voice for a documentary. Gabby’s family approved it, but experts argue that murder victims don’t get a say in how their voice is used after death.

Cryptopolitan•2025/02/23 17:22

Trump’s Republican allies unsettled by Elon Musk’s D.O.G.E

Share link:In this post: Elon Musk’s D.O.G.E. has gutted the CFPB, firing employees, shutting down enforcement, and wiping the agency’s name off its headquarters—leaving Trump allies worried it could backfire in court. Russell Vought and other Trump officials fear Elon’s reckless approach could bring lawsuits, allowing the CFPB to survive instead of being quietly dismantled. Government employees are suing the Trump administration anonymously, afraid Elon’s attacks on X and mass firings could put them at ri

Cryptopolitan•2025/02/23 17:22