Metaplanet Says $255 Million Raise Could Make It Third-Largest Corporate Bitcoin Holder
According to the company, the funds received from global institutional investors could buy more than 3,800 BTC at current prices as of March 31.
BTC
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Terms & Concepts
- BTC: The ticker symbol for Bitcoin, the largest cryptocurrency by market value.
- Corporate Bitcoin holder: A company that keeps Bitcoin on its balance sheet as part of its treasury or investment strategy.
- Institutional investors: Large professional investors such as asset managers, funds, or financial firms that deploy capital at scale.