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Metaplanet Raises $881 Million for Bitcoin Purchases, Stock Surges 5.7%
Metaplanet Raises $881 Million for Bitcoin Purchases
- Metaplanet, known as Japan’s MicroStrategy, has raised $881 million through an international share sale.
- The company plans to use $837 million to buy Bitcoin in September and October 2025.
- Metaplanet aims to increase its Bitcoin treasury to 30,000 BTC by year-end, currently holding 18,991 BTC valued at approximately $2.12 billion.
- The stock price rose by 5.70% on the Tokyo Stock Exchange, reaching 890 JPY.
- Additionally, ¥6.516 billion ($44 million) will be allocated for Bitcoin-related financial activities.
- Metaplanet's Bitcoin strategist noted a BTC Rating of 34.65x, indicating strong asset backing compared to liabilities.
- The firm recently redeemed ¥5.25 billion from its ordinary bonds.
- Market sentiment is bullish due to Metaplanet’s inclusion in the FTSE index.
For further details, refer to Bitcoin.