According to Odaily Planet Daily, Japanese listed company Metaplanet announced its 11th series of stock acquisition rights, planning to significantly increase its Bitcoin holdings. The company will raise 299.7 million yen by exercising 540,000 stock options, and is expected to start delivering stocks on September 18.
Metaplanet currently holds 203,734 bitcoins, having added 42,47 in the past few months. The company said the move was part of its long-term investment strategy to strengthen its position in the cryptocurrency market.
