- Metaplanet CEO Simon Gerovich announces the firm’s conclusion of its 11th Stock Acquisition Rights exercise period.
- The firm achieved a 72.8% exercise rate with the participation of 13,774 individual shareholders.
- The platform currently holds a whopping 861.387 Bitcoin, purchased at an average range of 9,313,428 yen.
Japan’s investment firm Metaplanet has wrapped up its 11th Stock Acquisition Rights exercise period. CEO Simon Gerovich announced on X that the company achieved a 72.8% exercise rate with 13,774 individual shareholders participating.
The CEO said that the unexercised rights will go to EVO FUND. EVO FUND’s exercise of the transferred rights will bring Metaplanet’s total funding to 10 billion yen. Gerovich thanked the shareholders for their support, saying:
“We would like to thank all shareholders for their invaluable support and contribution, which strengthens Metaplanet’s mission of becoming a leading Bitcoin treasury company. Final results will be reported after EVO’s exercise is finalized.”
Metaplanet is dubbed “Asia’s MicroStrategy” because of its Bitcoin acquisition strategy. Reports show that Metaplanet owns a whopping 861.387 Bitcoin, acquired at an average price of 9,313,428 yen (about $61,752). At the current BTC price, Metaplanet’s total Bitcoin holding is worth around 8 billion yen, or $53,029,474. By completing the 11th series of stock acquisition rights, the Japanese investment firm will be able to double its Bitcoin holdings soon.
Metaplanet’s latest Bitcoin accumulation included a purchase of 107 coins, spending around $62,520 per coin. Thus, the platform’s latest BTC purchase had a total expense of 1 billion yen ($6.7 million) as per Bitcoin’s price at the time. At press time, Bitcoin is trading at $67,515, with a decline of 2.31% in a day. Despite the daily dip, the crypto experienced surges of 3% and 7% over the last week and month, respectively.
Read also: Metaplanet, ‘Asia’s MicroStrategy,’ Boosts Bitcoin Holdings to 400 BTC
Metaplanet saw a remarkable surge in its stock value thanks to the platform’s Bitcoin buying spree. In September, Metaplanet’s stock soared 443.2%, increasing investor trust and demand.
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Source: https://coinedition.com/metaplanet-asias-microstrategy-raises-10-billion-yen-to-boost-bitcoin-holdings/