Metaplanet Upsizes Capital Raise to $1.4B for Bitcoin Acquisition

TLDR Metaplanet has raised $1.4 billion by increasing its share offering to 385 million shares. The company will allocate nearly all proceeds from the offering toward Bitcoin purchases. Metaplanet plans to acquire approximately 12,590 Bitcoin, increasing its holdings by 62.5%. The company’s stock price saw a 10% drop following the announcement but remains strong over [...]

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