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Metaplanet Raises $1.4 Billion to Expand Bitcoin Holdings

Published by
Sohrab Khawas

Tokyo-based Metaplanet has raised $1.4 billion through an international share offering, including investments from sovereign wealth funds. The majority of these funds, about $1.25 billion, will be used to buy more Bitcoin, while the rest supports its Bitcoin income generation activities. This bold move strengthens Metaplanet’s position as one of the largest corporate Bitcoin holders, aiming to grow its Bitcoin treasury aggressively over the coming months.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

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