Metaplanet raised $66 million through a stock rights sale, completing 100% issuance.
The funds will support future initiatives, with Bitcoin’s growth in focus.
Early bond redemption reduces liabilities, with minimal fiscal impact expected.
Metaplanet Inc. has raised $66 million in a stock rights sale to fund future ventures, including exploring Bitcoin’s potential growth.
The investment came from the exercise of its 11th stock acquisition rights, showing the firm’s confidence in Bitcoin and other emerging technologies. Between September 6 and October 22, 2024, Metaplanet fulfilled 18 million units of stock rights, issuing an equal number of shares to participants and generating 10 billion yen (around $66 million). This funding will likely support future ventures, allowing Metaplanet to expand its presence in cryptocurrency, with a focus on Bitcoin.
Read also : Metaplanet “Asia’s Microstrategy” Raises 10 Billion Yen to Boost Bitcoin Holdings
Besides the stock rights sale, Metaplanet decided to pay back its 2nd series of ordinary bonds before they were due. The bonds were due in June 2025, but EVO FUND, the sole bondholder, requested early rep…
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