{"id":19001,"date":"2024-11-28T14:19:09","date_gmt":"2024-11-28T12:19:09","guid":{"rendered":"https:\/\/forklog.com\/en\/metaplanet-to-raise-62-million-for-bitcoin-acquisition\/"},"modified":"2024-11-28T14:19:09","modified_gmt":"2024-11-28T12:19:09","slug":"metaplanet-to-raise-62-million-for-bitcoin-acquisition","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/metaplanet-to-raise-62-million-for-bitcoin-acquisition\/","title":{"rendered":"Metaplanet to Raise $62 Million for Bitcoin Acquisition"},"content":{"rendered":"<p>The Japanese public company Metaplanet has initiated its 12th issuance of stock acquisition rights, amounting to up to 9.5 billion <span data-descr=\"Japanese yen\" class=\"old_tooltip\">JPY<\/span> (~$62 million), to address an &#8220;urgent need&#8221; to bolster its bitcoin reserves.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">*Metaplanet Announces Issuance of Moving Strike Stock Acquisition Rights to Raise Up to \u00a59.5 billion ($62 million) for Accelerated Bitcoin Accumulation* <a href=\"https:\/\/t.co\/bL7rs6Qkk4\">pic.twitter.com\/bL7rs6Qkk4<\/a><\/p>\n<p>\u2014 Metaplanet Inc. (@Metaplanet_JP) <a href=\"https:\/\/twitter.com\/Metaplanet_JP\/status\/1862025292946031045?ref_src=twsrc%5Etfw\">November 28, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The Cayman Islands-based EVO FUND, established for capital raising, will accept applications until December 16, 2024.<\/p>\n<p>The transaction is subject to regulatory approval.<\/p>\n<p>Currently, the company <a href=\"https:\/\/bitcointreasuries.net\/\">holds 1142 BTC<\/a>, ranking 18th on the BitcoinTreasuries list. The unrealized profit of the &#8220;Asian MicroStrategy&#8221; has reached 44%.<\/p>\n<p>Previously, the company <a href=\"https:\/\/contents.xj-storage.jp\/xcontents\/33500\/2833b807\/7266\/4ccb\/9846\/0beaba753db9\/140120241114524423.pdf\">entered into<\/a> an exclusive licensing agreement to launch Bitcoin Magazine in Japan. The partnership aims to provide high-quality localized content for the Japanese bitcoin community.<\/p>\n<p>In October, Metaplanet received 23.972 BTC (~$1.46 million) as a premium from selling put options on its coins through QCP Capital.<\/p>\n<p>Back in August, the company&#8217;s CEO, Simon Gerovich, <a href=\"https:\/\/forklog.com\/en\/news\/metaplanet-ceo-advocates-bitcoin-accumulation-as-holdings-surpass-300-btc\">advocated<\/a> for &#8220;always accumulating the first cryptocurrency.&#8221; <\/p>\n<p>For its investments, Metaplanet <a href=\"https:\/\/forklog.com\/en\/news\/japanese-firm-metaplanet-to-raise-6-3-million-for-bitcoin-acquisition\">utilizes<\/a> borrowed capital among other sources. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Japanese public company Metaplanet has initiated its 12th issuance of stock acquisition rights, amounting to up to 9.5 billion JPY (~$62 million), to address an &#8220;urgent need&#8221; to bolster its bitcoin reserves. *Metaplanet Announces Issuance of Moving Strike Stock Acquisition Rights to Raise Up to \u00a59.5 billion ($62 million) for Accelerated Bitcoin Accumulation* pic.twitter.com\/bL7rs6Qkk4 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":19000,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1538,135],"class_list":["post-19001","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-purchase","tag-japan"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19001","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=19001"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19001\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/19000"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=19001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=19001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=19001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}