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Metaplanet is more than $ 500 million on the first day of its plan to issue 555 million shares to buy Bitcoin-BTC (Bitco-BTC)

Metaplanet succeeds in collecting $ 517.8 million with a release of 10% of the shares that intend to sell – and the number of 555 million shares – at a price of $ 9.59 per share, within its strategy which focuses on Bitcoin.

The Japanese investment company Metaplanet – which is strongly heading towards the adoption of Bitcoin – has managed to perceive $ 517 million on the first day of the launch of the “555 million action plan”, in a strong reference to the early dynamic of one of the largest financing processes focused on digital currencies in Asia. According to the financial disclosure of the company today, this funding was guaranteed by issuing 54 million new shares, after the EVO Investment Fund fund has exercised part of its share acquisition rights.

Metaplanet seemed to raise $ 5.4 billion thanks to this plan aimed at buying 210,000 Bitcoin currencies by the end of 2027, which is equivalent to around 1% of the total supply of this currency.

Metaplanet is $ 517.8 million in the first batch of the plan of 555 million shares

The first batch of this plan included the issue of shares at a price of 1,388 Japanese yen – 9.59 dollars – which provided the company an amount of 74.9 billion yen -517.8 million dollars – and this version represents approximately 10% of the total of 555 million shares that the company plans to launch.

This first round of financing intervened after the company’s board of directors recently approved the award of $ 5 billion to its American branch Metaplanet Treasury Corp, based in Florida.

The sub-company will manage the purchases of Bitcoin and Treasury operations, and will also benefit from American financial markets and institutional investments to support the global company strategy.

Metaplanet can become one of the largest companies that have Bitcoin if the plan is fully implemented

Metaplanet is similar to its counterpart from the American Microstrategy Company, which bought more than 1% of the Bitcoin Bitcoin offer by selling its actions. Metaplanet seeks to repeat this approach in the Asia-Pacific region, with the aim of establishing its position as one of the main digital asset companies on the Japanese financial markets.

The company has underlined the award of 96% of the funds it will buy Bitcoin, while the remaining percentage to pay the value of the bonds and the financing for the production of returns will be used. After having issued shares on Monday, the total of Metaplanet’s negotiated shares increased to more than 654 million shares.

In the event that the mentioned plan is implemented, Metaplanet could become one of the largest international companies in terms of Bitcoin reserves volume, which will give it a great influence within the economy of digital assets.

The post metaplanet collects more than $ 500 million on the first day of its plan to issue 555 million shares to buy Bitcoin-BTC appeared first on Arab Cryptonews.

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