Metaplanet “Asia’s Microstrategy” Raises 10 Billion Yen to Boost Bitcoin Holdings

• Metaplanet CEO Simon Gerovich announces the firm’s conclusion of its 11^th Stock Acquisition Rights exercise period.
• The firm achieved a 72.8% exercise rate with the participation of 13,774 individual shareholders.
• The platform currently holds a whopping 861.387 Bitcoin, purchased at an average range of 9,313,428 yen.

Japan’s investment firm Metaplanet has wrapped up its 11th Stock Acquisition Rights exercise period. CEO Simon Gerovich announced on X that the company achieved a 72.8% exercise rate with 13,774 individual shareholders participating.

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. The Company has also approved the transfer of unexercised rights to EVO FUND, which has committed to… https://t.co/bSnKwMfCjK

— Simon Gerovich (@gerovich) October 22, 2024

The CEO said that the unexercised rights will go to EVO FUND. EVO FUND’s exercise of the transferred rights will bring Metaplanet’s total funding to 10 billion yen. Gerovich thanked the shareholders for their support, saying:

“We would like to thank all shar…

The post Metaplanet “Asia’s Microstrategy” Raises 10 Billion Yen to Boost Bitcoin Holdings appeared first on Coin Edition.