⚡️ $5.4 billion epic financing ignites stock price, surging 22% in a single day!
⚡️ Metaplanet skyrockets 22% in one day, Japanese giant aims to acquire 210,000 bitcoins
📈 Metaplanet surges 22% in one day | $5.4 billion financing plan ignites the market
Stimulated by a massive financing plan, Japanese bitcoin investment company Metaplanet's stock price soared 22% in Tokyo's early trading on Monday, continuing its dramatic volatility since its transformation into cryptocurrency in 2024.
💡 Key Developments: Japan's largest equity financing in history
• $5.4 billion fundraising: Announced stock acquisition rights plan last Friday, targeting approximately $5.4 billion (around 850 billion yen)
• Bitcoin reserve expansion: Plans to significantly increase its current $1 billion bitcoin reserve (currently holding 8,888 coins)
• Long-term goal: Aims to hold 210,000 bitcoins by the end of 2027, exceeding the current reserve by more than 23 times