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Metaplanet Approved $135M Share Placement to Expand Bitcoin Holdings

Japan-based Bitcoin treasury company Metaplanet approved a plan on Jan. 29 to issue common shares and Series 25 stock acquisition rights through a third-party allotment, targeting total financing of about $135 million, BlockBeats reports. The company plans to use most proceeds to increase its Bitcoin holdings and invest in Bitcoin yield-generating businesses, while allocating part of the funds to repay certain credit line borrowings.
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