Metaplanet stock soars 20% as firm agrees to 1 billion yen loan to fund Bitcoin acquisition

Oluwapelumi Adejumo

Tokyo-listed Bitcoin investment firm Metaplanet plans to secure a loan of ¥1 billion, equivalent to $6.8 million, to increase its Bitcoin holdings, according to an Aug. 8 statement. Earlier in the week, the firm revealed plans to raise ¥10.08 billion (approximately $70 million) by issuing its 11th series of stock acquisition rights to all common […]

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Metaplanet stock soars 20% as firm agrees to 1 billion yen loan to fund Bitcoin acquisition