- Metaplanet raises 10 billion yen to expand its Bitcoin holdings, following MicroStrategy’s lead.
- Despite a 5.85% stock drop, Metaplanet boasts 644% year-to-date gains.
Japanese firm Metaplanet has recently gained attention for significantly increasing its Bitcoin [BTC] holdings.
As of the latest update, Metaplanet, often referred to as Asia’s MicroStrategy, has raised 10 billion Yen in fresh capital through its recent stock sale under the 11th series of Stock Acquisition Rights.
Metaplanet’s new Bitcoin strategy
In fact, according to the latest data from Bitcoin Treasuries, Metaplanet recently made two substantial BTC acquisitions on the 15th and 16th of October, pushing the company’s total Bitcoin balance to 861.4 BTC.
This highlights the company’s plans to follow MicroStrategy’s lead by using these funds to expand its Bitcoin holdings.
With 13,774 shareholders participating, the exercise of these rights was fully backed by EVO FUND, resulting in significant proceeds.
Meanwhile, Bitcoin saw over 2% price dip after facing resistance at the $69,000 mark, reflecting ongoing volatility in the market.
As of the latest update from CoinMarketCap, BTC was trading at $66,942.
Metaplanet’s CEO weighs in
Remarking on the same, Metaplanet CEO Somin Gerovich noted,
“Metaplanet Inc. has concluded the exercise period for its 11th Stock Acquisition Rights, achieving a 72.8% exercise rate with participation from 13,774 individual shareholders.”
He added,
“The Company has also approved the transfer of unexercised rights to EVO FUND, which has committed to exercising all transferred rights by October 22, 2024.”
Gerovich explained that once the process of issuing stock acquisition rights is fully completed, Metaplanet will have successfully raised a total of 10 billion yen.
He further expressed gratitude to its shareholders for their support and financial contributions, which are crucial for its goal of becoming a major holder of BTC.
The “final results” refer to the complete accounting and reporting of the funds raised after EVO FUND (the entity involved in exercising these stock acquisition rights) completes its transaction.
All in all, Metaplanet is updating its shareholders on the progress and reaffirming its commitment to using the capital to advance its Bitcoin-focused mission.
Impact on Metaplanet’s share price
After today’s stock sale, Metaplanet’s share price saw a significant decline, falling by 5.85% to below 1,200 JPY.
Despite this drop, the company remains in strong standing with a remarkable 644% increase in year-to-date gains.
As of the latest update, Metaplanet’s stock price further dipped by 6.09%, trading at 1,188 JPY.

Source: Google Finance
This volatility reflects the market’s immediate reaction to the stock sale, yet the company’s overall performance continues to demonstrate impressive growth in the longer term.
Hence, by embracing BTC, Metaplanet seeks to navigate Japan’s challenging economic conditions marked by negative interest rates and quantitative easing.
This bold approach positions the company to hedge against the country’s financial challenges while aligning with the global shift towards digital assets.
- Metaplanet raises 10 billion yen to expand its Bitcoin holdings, following MicroStrategy’s lead.
- Despite a 5.85% stock drop, Metaplanet boasts 644% year-to-date gains.
Japanese firm Metaplanet has recently gained attention for significantly increasing its Bitcoin [BTC] holdings.
As of the latest update, Metaplanet, often referred to as Asia’s MicroStrategy, has raised 10 billion Yen in fresh capital through its recent stock sale under the 11th series of Stock Acquisition Rights.
Metaplanet’s new Bitcoin strategy
In fact, according to the latest data from Bitcoin Treasuries, Metaplanet recently made two substantial BTC acquisitions on the 15th and 16th of October, pushing the company’s total Bitcoin balance to 861.4 BTC.
This highlights the company’s plans to follow MicroStrategy’s lead by using these funds to expand its Bitcoin holdings.
With 13,774 shareholders participating, the exercise of these rights was fully backed by EVO FUND, resulting in significant proceeds.
Meanwhile, Bitcoin saw over 2% price dip after facing resistance at the $69,000 mark, reflecting ongoing volatility in the market.
As of the latest update from CoinMarketCap, BTC was trading at $66,942.
Metaplanet’s CEO weighs in
Remarking on the same, Metaplanet CEO Somin Gerovich noted,
“Metaplanet Inc. has concluded the exercise period for its 11th Stock Acquisition Rights, achieving a 72.8% exercise rate with participation from 13,774 individual shareholders.”
He added,
“The Company has also approved the transfer of unexercised rights to EVO FUND, which has committed to exercising all transferred rights by October 22, 2024.”
Gerovich explained that once the process of issuing stock acquisition rights is fully completed, Metaplanet will have successfully raised a total of 10 billion yen.
He further expressed gratitude to its shareholders for their support and financial contributions, which are crucial for its goal of becoming a major holder of BTC.
The “final results” refer to the complete accounting and reporting of the funds raised after EVO FUND (the entity involved in exercising these stock acquisition rights) completes its transaction.
All in all, Metaplanet is updating its shareholders on the progress and reaffirming its commitment to using the capital to advance its Bitcoin-focused mission.
Impact on Metaplanet’s share price
After today’s stock sale, Metaplanet’s share price saw a significant decline, falling by 5.85% to below 1,200 JPY.
Despite this drop, the company remains in strong standing with a remarkable 644% increase in year-to-date gains.
As of the latest update, Metaplanet’s stock price further dipped by 6.09%, trading at 1,188 JPY.

Source: Google Finance
This volatility reflects the market’s immediate reaction to the stock sale, yet the company’s overall performance continues to demonstrate impressive growth in the longer term.
Hence, by embracing BTC, Metaplanet seeks to navigate Japan’s challenging economic conditions marked by negative interest rates and quantitative easing.
This bold approach positions the company to hedge against the country’s financial challenges while aligning with the global shift towards digital assets.
http://www.modric-luka-ar.biz
last news about modric luka
modric-luka-ar.biz
http://www.ali-al-bulaihi-ar.biz
last news about ali al bulaihi
https://ali-al-bulaihi-ar.biz
Thinker Pedia Great information shared.. really enjoyed reading this post thank you author for sharing this post .. appreciated
Some truly interesting points you have written.Assisted me a lot, just what I was searching for : D.
What i do not realize is in reality how you’re no longer actually a lot more smartly-liked than you may be now. You’re so intelligent. You already know thus significantly on the subject of this subject, made me personally consider it from a lot of varied angles. Its like men and women are not interested except it¦s something to accomplish with Lady gaga! Your individual stuffs excellent. Always maintain it up!
Very interesting information!Perfect just what I was looking for!
With havin so much written content do you ever run into any issues of plagorism or copyright violation? My blog has a lot of exclusive content I’ve either authored myself or outsourced but it seems a lot of it is popping it up all over the web without my authorization. Do you know any techniques to help stop content from being stolen? I’d really appreciate it.
I really like your writing style, great information, thanks for posting : D.
Purdentix
Purdentix reviews
I love how user-friendly and intuitive everything feels.
It provides an excellent user experience from start to finish.
The layout is visually appealing and very functional.
This site truly stands out as a great example of quality web design and performance.
I love how user-friendly and intuitive everything feels.
This site truly stands out as a great example of quality web design and performance.
I love how user-friendly and intuitive everything feels.
A perfect blend of aesthetics and functionality makes browsing a pleasure.
I’m really impressed by the speed and responsiveness.
It provides an excellent user experience from start to finish.
The content is engaging and well-structured, keeping visitors interested.
This site truly stands out as a great example of quality web design and performance.
It provides an excellent user experience from start to finish.
I love how user-friendly and intuitive everything feels.
The design and usability are top-notch, making everything flow smoothly.
A perfect blend of aesthetics and functionality makes browsing a pleasure.
The content is engaging and well-structured, keeping visitors interested.
The design and usability are top-notch, making everything flow smoothly.
This website is amazing, with a clean design and easy navigation.
The content is engaging and well-structured, keeping visitors interested.
I’m really impressed by the speed and responsiveness.
This website is amazing, with a clean design and easy navigation.
This is such an important and often overlooked topic Thank you for bringing attention to it and offering valuable advice