Metaplanet completes approximately $87 million financing to increase Bitcoin holdings

ChainCatcher news, according to Metaplanet's announcement, the company has completed a large-scale exercise of stock subscription rights for Series 13 and 14 through a third-party directed issuance, raising approximately 12.97 billion yen (about 87 million USD).

This financing is supported by EVO FUND, and part of the funds has been used to redeem the previously issued 7th series of ordinary bonds in advance. Metaplanet plans to use these funds to continue increasing its Bitcoin holdings to strengthen its digital asset investment strategy.