February 20, 2025
Capital Raising & Stock Split
Metaplanet raised $20 million in the first two days of its “21 Million Plan.” It also announced a 10-for-1 stock split, effective April 1, following a 1-for-10 reverse split eight months ago to improve stock affordability.
CEO Simon Gerovich invested $6.6 million to buy more BTC for the company, highlighting Metaplanet’s commitment to Bitcoin for its transparency and stability. The company now holds the largest share (6.27%) in the CoinShares Blockchain Global Equity Index.
Market Expansion
Metaplanet used its stock acquisition rights to issue 500,000 new shares, raising funds for Bitcoin purchases and growth. It still has 37,000 rights left.
Trading at 6,260 JPY, Metaplanet continues to thrive with its Bitcoin strategy, attracting investor attention as institutional interest in Bitcoin rises.
