Metaplanet, a Japanese firm, has announced a $70 million stock rights offering aimed at significantly boosting its Bitcoin investments. With $58.76 million of the raised funds earmarked for bitcoin, this strategic move is part of Metaplanet’s broader plan to expand its cryptocurrency holdings and hedge against currency depreciation. The company, which currently holds around 246 […]
Original
Related posts
-
Coinshares Weighs Trump and Harris’ Impact on Bitcoin Ahead of 2024 Election
In a recent report, Coinshares and author Max Shannon examine the potential impact of the 2024... -
Tether Invests $3 Million in Kem App to Boost USDT Usage in the Middle East
Stablecoin issuer Tether has announced a $3 million strategic... -
Bitcoin Falls From $60,000 With US Transfer Of 10,000 BTC: Vital Levels To Monitor
On Wednesday, the crypto market experienced a wave of volatility as news broke that the US...