Metaplanet’s crypto fundraising plan: Targets 652 Bitcoin purchase – BitRss

• Metaplanet plans to raise ¥62 million for Bitcoin acquisitions through its 12th SAR issuance.
• Metaplanet launched Bitcoin Magazine Japan, expanding its influence in the Bitcoin ecosystem.

Metaplanet, a Japanese investment firm, plans to raise ¥62 million through its 12th series of Stock Acquisition Rights (SARs).

The company will issue 29,000 units of SARs to EVO FUND, a Cayman Islands-based investment management firm, via a third-party allotment.

Each SAR unit grants EVO FUND the right to purchase 100 common shares at ¥614 per right, totaling ¥17.8 million.

This move is part of Metaplanet’s strategy to bolster its financial standing. EVO FUND is set to exercise the rights on the 16th of December.

Metaplanet’s crypto fundraising plan

Remarking on the same, Metaplanet noted,