Metaplanet intends to raise $150 million through the issuance of Class B Perpetual Preferred Stock aimed at enhancing its Bitcoin holdings. This strategic financial move reflects Metaplanet’s commitment to expanding its presence in the cryptocurrency market. By increasing its investment in Bitcoin, the company seeks to bolster its portfolio and adapt to the evolving digital asset landscape. The preferred stock offering represents a significant step in Metaplanet’s plan to strengthen its financial position and explore new avenues for growth.
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