Metaplanet, the Tokyo-listed investment firm pursuing a Bitcoin-focused treasury strategy, has raised approximately $255 million from global institutional investors as it advances its long-term Bitcoin accumulation goal.
According to CEO Simon Gerovich, the company may receive up to $276 million more if certain warrants are exercised, giving total potential funding of around $531 million to support its plan to accumulate 210,000 BTC.
Metaplanet currently holds 35,102 BTC, valued at approximately $2.6 billion at current market prices. This positions the company as the third-largest Bitcoin treasury globally, trailing only Strategy and MARA Holdings, which together hold 792,553 BTC.
Strategy, the largest crypto treasury firm, is expected to announce a new Bitcoin acquisition today, following hints from Executive Chairman Michael Saylor and last week’s preferred share sale that raised additional funds.
Source: https://cryptobriefing.com/metaplanet-bitcoin-acquisition-strategy/
