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KindlyMD’s subsidiary Nakamoto will take part in Metaplanet’s overseas share offering, a fundraising program designed to channel fresh capital directly into Bitcoin btc0.4%Bitcoin purchases. According to a Sept. 9 press release, the company’ss backing reflects its confidence in Metaplanet’s visionary strategy and its role in shaping the future of corporate Bitcoin adoption.
For Metaplanet, the deal provides timely support. The Tokyo-based firm has been issuing new shares to fund an aggressive accumulation plan, but the size of the offering, which could reach up to $884 million, has weighed heavily on its stock.
KindlyMD Chairman and CEO David Bailey said the investment reflects how “Metaplanet has established itself as a leader in Japan’s Bitcoin landscape through its commitment to advancing financial innovation and driving the global adoption of Bitcoin.”