Japan’s Metaplanet set to become third largest corporate holder of Bitcoin, as new Korean exchange accounts surge 450%. Asia Express
Metaplanet, a publicly traded Japanese firm often called “Asias MicroStrategy,” is raising more than 116 billion yen ($745 million) to expand its Bitcoin holdings.
On Jan. 28, the company announced it had issued 21 million shares through moving strike warrants, which grant investors stock acquisition rights with adjustable exercise prices. While such warrants are typically issued at a discount, Metaplanet’s offering does not as it sets the share price at the full closing value on the pricing date.
The company claims this is the largest capital raise in Asian equity markets dedicated to Bitcoin purchases.
Read more,# Japan’s Metaplanet Aims for Bitcoin Kingdom
## Key Points:
– Metaplanet, Japan’s very own “Asia’s MicroStrategy,” is on a Bitcoin shopping spree with plans to raise over 116 billion yen (or about $745 million).
– The company recently issued 21 million shares using fancy moving strike warrants—no discount, because who needs a sale when you have crypto dreams?
– This Herculean fundraising effort is dubbed the largest in Asian equity markets specifically for Bitcoin bounty hunting.
– Just in time, a new Korean exchange experience a blaze with a 450% surge in account creations!
### Hot Take:
So, while Metaplanet gears up to battle for the title of Bitcoin heavyweight champion, it seems like everyone in Asia has decided it’s time to join the crypto circus! Who needs a savings account when you can hold Bitcoin, right? Remember to fasten your seatbelts; the crypto rollercoaster is about to take off! 🚀💰 #BitcoinBonanza #CryptoCrazy #MetaplanetMadness
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Original article: https://cointelegraph.com/magazine/metaplanet-buy-21000-bitcoin-korean-exchange-users-450-percent-increase-asia-express/?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound
