Metaplanet Eyes $69.6M Bitcoin Acquisition After New Fundraising
full version at dailycoin
Metaplanet has doubled down on its Bitcoin strategy. The company is preparing to acquire additional BTC worth tens of millions. The acquisition will be funded with a multi-billion Gratis Allotment of Stock Acquisition. Japanese investment and consulting firm Metaplanet is preparing to acquire additional Bitcoin worth tens of millions, underscoring the crypto asset’s growing institutional interest despite recent market turmoil. The planned acquisition aligns with Metaplanet’s pivot in March toward a “Bitcoin-first, Bitcoin-only approach,” which culminated in the purchase of $6.2 million worth of the crypto asset. The company currently holds 245.992 BTC, bought at an average price of
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