$BTC Metaplanet will invest $5.4 billion in Bitcoin — a record fundraising in Asia.
Japanese investment company Metaplanet has made the largest capital raise in Asia's history, focused exclusively on Bitcoin, according to CEO Simon Gerovich.
This involves more than 770.9 billion yen (approximately $5.4 billion) through the issuance of 555 million shares via a strike order transfer mechanism.
The new funding round is a continuation of the successful 210 Million Plan, under which:
• the company raised 93.3 billion yen (equivalent to $650 million) over 60 trading days;
• the yield of the Bitcoin portfolio was 189%;
the company's share price tripled;
• Metaplanet entered the top 10 companies in the world by Bitcoin volume.