Metaplanet Increases Bitcoin Holdings Amid Market Rebound and Potential $3.7 Billion Funding Plan
Main Idea
Metaplanet has increased its Bitcoin holdings by 463 BTC, bringing its total to 17,595 BTC valued at approximately $1.78 billion, and plans to raise $3.7 billion to further expand its crypto treasury.
Key Points
1. Metaplanet acquired 463 Bitcoin for roughly $53.7 million at an average price of $115,895 per coin.
2. The company's total Bitcoin holdings now stand at 17,595 BTC, worth approximately $1.78 billion.
3. Metaplanet plans to raise $3.7 billion through perpetual preferred shares to expand its crypto assets.
4. The acquisition aligns with Metaplanet's consistent buying strategy and favorable market conditions.
5. Metaplanet's stock dipped 6% despite Bitcoin gains, attributed to broader market factors.
Description
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