Japanese Bitcoin investment company Metaplanet launches $5.4 billion financing plan, shares surge 22%
Japanese bitcoin investment company Metaplanet plans to raise about US$5.4 billion and increase its already US$1 billion bitcoin reserves, and its share price rose sharply on Monday, Internet reported. Metaplanet on Friday announced a share option plan, said to be the largest in Japan's capital market history. Metaplanet expects that the company will accumulate 210,000 bitcoins by the end of 2027, several times the 8888 it currently holds. Metaplanet rose 22% in Tokyo on Monday morning, and its share price has fluctuated sharply since switching to cryptocurrencies in early 2024.
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