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Japanese investment firm Metaplanet is seeking to raise 555 billion yen ($3.73 billion) through a stock offering to support its aggressive Bitcoin accumulation strategy.
The company, which is known as “Asia’s Strategy,” announced Friday that it will issue perpetual preferred shares to help fund its goal of acquiring 210,000 Bitcoin (BTC) by the end of 2027. The shares will offer up to a 6% annual dividend, depending on market conditions and investor demand.
“The Company intends to actively pursue equity financing as part of its ‘Bitcoin…
