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Japanese company Metaplanet announces a massive financing plan aimed at expanding its Bitcoin reserves.
According to the Gate News bot, Japanese Bitcoin investment company Metaplanet recently announced a financing plan of approximately $5.4 billion, aimed at significantly increasing its Bitcoin reserves. The company currently holds Bitcoin reserves of $1 billion.
Metaplanet announced last Friday a stock buyback plan that is said to be the largest in the history of the Japanese capital markets. The company expects to hold 210,000 Bitcoins by the end of 2027, far exceeding the current 8,888.
As a result of this news, Metaplanet’s stock price surged 22% on the Tokyo market on Monday. It is worth noting that since the company shifted to the cryptocurrency sector at the beginning of 2024, its stock price has shown significant volatility.
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