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Metaplanet will issue an additional 385 million shares, raising approximately 2.13 trillion yen to purchase Bitcoin.
According to a news report from HashChain, Metaplanet has announced that the company has decided to issue an additional 385 million shares through international issuance, with an issue price of 553 yen per share, and the total amount raised is expected to be approximately 2.13 trillion yen (about 14.44 billion USD). About 1.84 trillion yen of the raised funds will be used to purchase Bitcoin, and approximately 20.4 billion yen will be used for Bitcoin yield generation business. After the issuance is completed, the company's total share capital will increase to 1.141 billion shares.
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