Metapplanet, popular as Asia’s MicroStrategy raised fresh capital of 10 billion yen through a stock sale. The company will be following in MicroStrategy’s footsteps to use the raised capital to buy more Bitcoins.
Metaplanet adopted Bitcoin as a reserve asset in May as it aimed to hedge against volatility in the yen. The company now holds 861.4 BTC, according to bitcointreasuries.net and its shares up up 642% year-to-date.
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