Metaplanet Raises $66 Million Through Stocks Acquisition Rights Program

"Metaplanet has successfully completed its 11th series of stock acquisition rights, raising a total of 10 billion yen ($66 million) with a 72.8% exercise rate."

"Of the 18.1 million stock rights issued, 13.2 million shares were issued after shareholders exercised their rights, raising 7.32 billion yen ($48.5 million)."

"With the adoption of Bitcoin as a reserve asset, Metaplanet holds 861.4 BTC and its shares have increased by 642% year-to-date, reflecting an innovative approach to volatility."

"Shareholders who did not exercise their rights transferred 1.7 million units to MMXX Ventures Limited and its CEO, resulting in a total capital raise of 10 billion yen."

Read at Coindesk