Metaplanet to issue an additional 385 million shares, raising approximately 2.13 trillion yen to purchase bitcoin

According to ChainCatcher, Metaplanet has announced that the company has decided to issue an additional 385 million shares through an international offering, with an issue price of 553 yen per share. The total expected fundraising amount is approximately 2.13 trillion yen (about $1.444 billion). Of the funds raised, about 1.84 trillion yen will be used to purchase bitcoin, and approximately 20.4 billion yen will be allocated to bitcoin yield-generating businesses. After the issuance is completed, the company’s total share capital will increase to 1.141 billion shares.