The company said it secured more than $50 million, with the funds earmarked for additional Bitcoin purchases as it continues its treasury strategy.
Metaplanet announced that it has raised more than $50 million to acquire more Bitcoin. The update indicates the company is continuing a Bitcoin treasury strategy, in which a firm allocates corporate capital to Bitcoin as a reserve asset. The source does not provide details on the financing structure, timing, investor participation, or the amount of Bitcoin to be purchased.