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Naina

06/06 16:52

Metaplanet Goes All In On Bitcoin, Plans to Raise

Metaplanet Goes All In On Bitcoin, Plans to Raise $5.4B to Buy Bitcoin

Metaplanet CEO Simon Gerovich revealed firm's ambitious 210,000 BTC target by 2027. As part of it, the company plans to raise $5.4 billion.
  • Metaplanet to raise $5.4 billion to accumulate Bitcoin.
  • The firm sets target at 210,000 BTC by 2027.
  • The bold BTC strategy sets precedent in the crypto market.

Japanese investment firm Metaplanet has announced a whopping $5.4 billion equity financing plan to add more Bitcoin to its reserve. As part of the scheme, the firm plans to issue 5.55 billion new shares through floating strike price warrants, taking advantage of its stock’s volatility and market demand. Significantly, this move bolsters the company’s ambitious vision of owning 210,000 BTC by 2027. What does this mean for the future of Bitcoin?1749228631832.png


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