Friday, August 1, 2025
  • Login
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

Metaplanet Aims To Raise $62M To Expand $109M Bitcoin Treasury

by SB Crypto Guru News
November 29, 2024
in Bitcoin
Reading Time: 3 mins read
0 0
A A
0


Metaplanet Aims To Raise M To Expand 9M Bitcoin Treasury

Japanese investment firm Metaplanet is looking to bolster its Bitcoin reserves by raising over $62 million (9.5 billion Japanese yen) through a stock acquisition initiative.

The firm’s current Bitcoin treasury stands at 1,142 BTC, valued at more than $109 million.

In a statement issued on 28 November 2024, Metaplanet announced plans to issue its 12th Stock Acquisition Rights to EVO Fund, a Cayman Islands-based investment firm.

EXPLORE: Best New Cryptocurrencies to Invest in 2024

The Offering to Involve 29,000 Units

The offering, structured as a third-party allotment, will involve 29,000 units. “The majority of the funds raised this time will be strategically allocated for the purchase of additional Bitcoin,” the company stated.

Metaplanet emphasized its intent to leverage both debt and periodic stock issuance to systematically grow its Bitcoin holdings while minimizing exposure to the weakening Japanese yen.

Bitcoin’s recent performance appears to bolster this strategy, with the cryptocurrency reaching an all-time high of $99,645.39 on November 22. Simultaneously, the yen’s value has continued to slide, with the USD/JPY exchange rate hitting 154.

JUST IN: Japanese Publicly traded Company Metaplanet to raise up to $62 million to purchase more Bitcoin. pic.twitter.com/XAvFDLAgWh

— Maria Hamilton (@Mil_21m) November 28, 2024

“Given these circumstances, we recognize the urgent importance of increasing our Bitcoin holdings and have therefore decided to proceed with this fundraising initiative,” the company noted.

If approved under Japan’s Financial Instruments and Exchange Act, the stock acquisition will run from December 16, 2024, to June 16, 2025. At the current Bitcoin price of approximately $95,000, the raised funds could facilitate the purchase of around 652 BTC.

This isn’t Metaplanet’s first foray into Bitcoin acquisitions. In October, the firm raised $66 million (10 billion Japanese yen) through its 11th Stock Acquisition Rights, also allocated to Bitcoin purchases.

Since first flagging its Bitcoin strategy in April, Metaplanet’s stock price has surged 1,365.63% over the past year, trading at approximately $15.60 (2,345 yen). However, the stock remains far below its 2013 peak of $2,521.76 (379,000 yen).

Metaplanet’s decision to prioritize Bitcoin has come at the expense of its metaverse-related ventures, which it has put on hold due to a lack of profitability.

“We have decided to incorporate the purchase and holding of Bitcoin as part of our stated corporate treasury strategy,” the firm stated.

EXPLORE: 15 Best Anonymous Bitcoin Wallets with no KYC in 2024

More Companies Invest in Bitcoin

Other companies are also turning to Bitcoin to diversify their treasuries. Video platform Rumble announced plans to invest in Bitcoin on November 25, while Genius Group recently acquired 110 BTC for $10 million, aiming to hold up to 90% of its reserves in Bitcoin.

Furthermore, healthcare technology firm Semler Scientific has expanded its Bitcoin portfolio. It purchased an additional 47 BTC for $3 million. The acquisition brings the company’s total holdings to 1,058 BTC as part of its ongoing strategy to accumulate Bitcoin.

The company has positioned Bitcoin as its primary treasury asset. It purchased 141 BTC for $8.4 million in the third quarter alone. Semler’s strategy mirrors that of MicroStrategy, which holds 252,220 BTC, making it the largest public corporate holder of Bitcoin.

EXPLORE: The 18 Best New Cryptocurrencies to Invest in 2024

The post Metaplanet Aims To Raise $62M To Expand $109M Bitcoin Treasury appeared first on .





Source link

Tags: 109M62MaimsBitcoinBitcoin NewsCrypto NewsCrypto UpdatesexpandLatest News on CryptoMetaplanetraiseSB Crypto Guru Newstreasury
Previous Post

Ex-Binance Senior Employee Sues UK Arm, Alleges Bribery And Unfair Dismissal

Next Post

Deribit to Migrate All Activities to Its Dubai-Licensed Entity

Related Posts

Ethereum Foundation Sets Ambitious Goals For the Next 10 Years In New Blog

Ethereum Foundation Sets Ambitious Goals For the Next 10 Years In New Blog

by SB Crypto Guru News
August 1, 2025
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Ethereum Foundation (EF) recently marked the...

[LIVE] Crypto News Today – Next Crypto To Explode? Crypto Market Is Down But Whales Keep Accumulating ETH As XRP Price Retests Support Level

[LIVE] Crypto News Today – Next Crypto To Explode? Crypto Market Is Down But Whales Keep Accumulating ETH As XRP Price Retests Support Level

by SB Crypto Guru News
August 1, 2025
0

Another day, another Trump’s new tariffs plan. The market is tired and it didn’t react to the news positively. U.S....

Tether Q2 Net Profit Hits .9 Billion, Pushing Total Earnings To .7 Billion

Tether Q2 Net Profit Hits $4.9 Billion, Pushing Total Earnings To $5.7 Billion

by SB Crypto Guru News
August 1, 2025
0

Tether, the company behind the market’s largest stablecoin USDT, has announced major financial results for the second quarter (Q2) of...

Visa Supports More Stablecoins in Push for Scalable Global Blockchain Payments

Visa Supports More Stablecoins in Push for Scalable Global Blockchain Payments

by SB Crypto Guru News
August 1, 2025
0

Visa supercharges the future of finance by expanding stablecoin settlements with new digital assets and blockchains, unlocking a new era...

NFT Marketplace Rarible Adds Support For Somnia NFTs

NFT Marketplace Rarible Adds Support For Somnia NFTs

by SB Crypto Guru News
August 1, 2025
0

Join Our Telegram channel to stay up to date on breaking news coverage Rarible, a renowned multi-chain non-fungible token marketplace,...

Load More
Next Post
Deribit to Migrate All Activities to Its Dubai-Licensed Entity

Deribit to Migrate All Activities to Its Dubai-Licensed Entity

How One Message Beat Freysa and Took the ,000 Jackpot

How One Message Beat Freysa and Took the $47,000 Jackpot

Facebook Twitter LinkedIn Tumblr RSS

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.