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Japanese investment firm Metaplanet has completed its 11th series of stock acquisition rights, raising $66 million (10 billion yen). Of the 18.1 million stock rights issued, 72.8% were exercised, demonstrating strong confidence from the investor community in the company’s prospects. According to reports, the stock acquisition rights attracted 13,774 shareholders, who opted to exercise their rights.
<h2 id="b-metaplanet-increases-its-btc-holdings-b">Metaplanet Increases its BTC Holdings&nbsp;</h2>
Shareholders had the right to buy more shares at a set price. This helped the company raise money and enabled shareholders to own more of the business. Notably, shareholders could exercise their rights from September 6 to October 15. It allowed them enough time to decide whether to use their rights or let them expire.
Evo Fund stood out by exercising its stock acquisition rights to take a 14.9% ownership stake in Metaplanet. This significant move shows that Evo Fund believes in Metaplanet’s long-term vision and growth strategy. Metaplanet now <a href="https://bitcointreasuries.net/" rel="noopener noreferrer nofollow">holds </a>864.1 BTC.
Meanwhile, the funds raised will help the company support ongoing projects, drive innovation, and explore potential acquisitions. This achievement also shows strong support from shareholders, as a large. Likewise, the capital injection will provide financial flexibility and maintain Metaplanet’s competitive edge in the market.
<h2 id="b-metaplanet-stock-experiences-surge-b">Metaplanet Stock Experiences Surge</h2>
On October 15, <a href="https://thecoinrise.com/metaplanet-stock-surges-after-latest-bitcoin-purchase-shopping-107-btc/" rel="noopener noreferrer nofollow">shares of Metaplanet soared by 15.7%</a> following an announcement of its latest acquisition of nearly 107 Bitcoin (BTC). The company revealed that this recent purchase brings its total BTC holdings to 855.5 BTC, worth approximately $56.1 million. In another statement released the same day, Metaplanet disclosed that it spent around $6.7 million (1 billion yen).&nbsp;
The funds were used to acquire 106.976 BTC at an average price of $62,520 per coin. This aggressive Bitcoin acquisition strategy has significantly influenced Metaplanet’s stock performance. Since April, when Metaplanet first unveiled its <a href="https://thecoinrise.com/metaplanet-expands-bitcoin-holdings-with-6-7m-purchase/" rel="noopener noreferrer nofollow">Bitcoin investment strategy</a>, its share price has surged by 480%. This reflects the market’s positive reception to the company’s crypto-forward approach.
<h2 id="b-rising-among-corporate-bitcoin-holders-b">Rising Among Corporate Bitcoin Holders</h2>
While the Tokyo-listed company continues its aggressive accumulation of BTC, it remains behind corporate giants like <a href="https://thecoinrise.com/microstrategy-seeks-to-hire-a-bitcoin-advocacy-manager/" rel="noopener noreferrer nofollow">Michael Saylor-led MicroStrategy</a>. MicroStrategy is the largest corporate Bitcoin holder with 252,220 BTC. However, MicroStrategy is renowned for periodic Bitcoin accumulation. Meanwhile, market watchers speculate that <a href="https://thecoinrise.com/bitcoin-might-benefit-from-spot-eth-etf-approval-michael-saylor/" rel="noopener noreferrer nofollow">Michael Saylor might be betting on prices</a> to witness a surge soon.
Marathon Digital follows with 26,842 BTC. Nevertheless, Metaplanet’s increasing commitment to Bitcoin highlights a growing trend among institutions, as more companies embrace digital assets as their financial strategy.&nbsp;
The post <a href="https://thecoinrise.com/metaplanet-raises-66-million-in-fresh-funding-to-buy-bitcoin/" rel="noopener noreferrer nofollow">Metaplanet Raises $66 Million In Fresh Funding to Buy Bitcoin</a> appeared first on <a href="https://thecoinrise.com/" rel="noopener noreferrer nofollow">TheCoinrise.com</a>.

Metaplanet Raises $66 Million In Fresh Funding to Buy Bitcoin

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