Metaplanet plans to raise about $62 million to buy BTC

On November 28th, Japanese listed company Metaplanet announced plans to raise up to 9.5 billion yen (approximately $62 million) through new stock subscription rights to accelerate the accumulation of BTC. Note: New stock subscription rights, also known as preemptive rights, give existing shareholders the right to subscribe to new stocks on a priority basis.

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