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<p><strong>Key Points:</strong></p>  
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 <li><em>Metaplanet's stock surged 6.5% after announcing a $62 million fundraising to acquire more Bitcoins, extending its year-long rally.</em></li>  
 <li><em>Since shifting to the Metaplanet Bitcoin investment, the company has acquired 1,142 BTC, becoming one of Asia's largest Bitcoin holders and ranking 18th globally.</em></li> 
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<h5 class="wp-block-heading">Stock for Metaplanet surged 6.5% on Thursday after the company <a href="https://x.com/Metaplanet_JP/status/1862025292946031045" target="_blank" rel="noopener noreferrer nofollow">announced</a> it raised $62 million to add more Bitcoins.</h5>  
<figure class="wp-block-image aligncenter size-large"><a href="https://coincu.com/wp-content/uploads/2024/11/On-Black-41.jpg" rel="noopener noreferrer nofollow"><img src="https://coincu.com/wp-content/uploads/2024/11/On-Black-41-1024x576.jpg" alt="Metaplanet Bitcoin Investment Continues to Boost With $62 Million Raised" class="wp-image-294273"></a>
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<p class="has-background" style="background-color:#222222">Read more:<a href="https://coincu.com/242737-revolut-paused-some-crypto-services-by-fca/" target="_blank" rel="noopener noreferrer nofollow"> </a><a href="https://coincu.com/292612-metaplanet-bitcoin-bond-japan-firm-issues-11-3m/" target="_blank" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/wp-admin/post.php?post=292612&amp;action=edit" rel="noopener noreferrer nofollow">Metaplanet Bitcoin Bond Japan Firm Issues $11.3M For BTC</a></p>  
<h2 class="wp-block-heading" id="62-million-more-metaplanet-bitcoin-investment">$62 Million More Metaplanet Bitcoin Investment</h2>  
<p><a href="https://coincu.com/292000-metaplanet-bitcoin-holdings-earn-28m-in-profit/" target="_blank" rel="noopener noreferrer nofollow">Metaplanet</a> explained that the funds would be raised through its 12th Series Moving Strike Stock Acquisition Rights. The rights to be allocated to EVO FUND by way of third-party allotment shall be offered to it between 17 December 2024 and 16 June 2025.</p>  
<figure class="wp-block-image aligncenter size-large"><a href="https://coincu.com/wp-content/uploads/2024/11/Screenshot-2024-11-28-at-23.24.03.png" rel="noopener noreferrer nofollow"><img src="https://coincu.com/wp-content/uploads/2024/11/Screenshot-2024-11-28-at-23.24.03-1024x651.png" alt="" class="wp-image-294266"></a>
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  Metaplanet Stock Price. <em>Source: <a href="https://www.google.com/finance/quote/3350:TYO?sa=X&amp;ved=2ahUKEwjkoJCKuP-JAxXLR2wGHSaYMlcQ3ecFegQIPhAf" rel="noopener noreferrer nofollow">Google</a></em>
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<p>The company will issue a total of 29,000 units, with each unit granting EVO FUND the right to purchase 100 common shares. Each subscription right will be sold at 614 yen for a total of 17.8 million yen.</p>  
<p>If EVO FUND subscribes to all the offered units, it will acquire 2.9 million common shares, with an exercise price cap of 1,500 yen per share. This would allow Metaplanet to raise over 9.5 billion yen, or approximately $62 million.</p>  
<h2 class="wp-block-heading" id="metaplanet-becomes-major-asian-bitcoin-holder">Metaplanet Becomes Major Asian Bitcoin Holder</h2>  
<p>The transaction is yet to be approved under the Financial Instruments and Exchange Act of Japan. The company's chief executive, Simon Gerovich, has compared the Metaplanet Bitcoin investment strategy with that of <a href="https://coincu.com/293298-microstrategy-convertible-notes-now-out-of-stock/" target="_blank" rel="noopener noreferrer nofollow">MicroStrategy</a>, which is considered the biggest corporate holder of <a href="https://coincu.com/294157-bitcoin-spot-etf-inflows-reach-103m-on-nov-27/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a>.</p>  
<p>The stock surge prolongs the company's amazing one-year rally, placing it among the biggest publicly traded companies in Japan. In the past month, Metaplanet's stock has outshone Bitcoin itself, with a gain of more than 100%.</p>  
<p>Since the company went all-in on its Bitcoin treasury in May, Metaplanet has added 1,142 BTC at approximately $75.3 million. With such a Metaplanet Bitcoin investment, the company emerged as one of the major Bitcoin holders in Asia, number 18 among publicly listed companies worldwide.</p>  
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    <td><em><strong>DISCLAIMER</strong>:&nbsp;The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.</em></td>
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Metaplanet Bitcoin Investment Continues to Boost With $62 Million Raised

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