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Metaplanet completes a financing of about 87 million USD to increase holdings of BTC
PANews announced on March 4th that the company completed a large-scale exercise of the 13th and 14th series stock subscription rights through a third-party private placement, raising a total of approximately 12.97 billion yen (about 87 million US dollars). The financing was supported by the EVO FUND, and some of the funds have been used to redeem the 7th series ordinary bonds issued earlier. Metaplanet plans to use the funds to continue increasing its holdings of Bitcoin to strengthen its digital asset investment strategy.