Japan’s investment firm Metaplanet has wrapped up its 11th Stock Acquisition Rights exercise period. CEO Simon Gerovich announced on X that the company achieved a 72.8% exercise rate with 13,774 individual shareholders participating.
The CEO said that the unexercised rights will go to EVO FUND. EVO FUND’s exercise of the transferred rights will bring Metaplanet’s total funding to 10 billion yen. Gerovich thanked the shareholders for their support, saying:
“We would like to thank all shareholders for their invaluable support and contribution, which strengthens Metaplanet’s mission of becoming a leading Bitcoin treasury company. Final results will be reported after EVO’s exercise is finalized.”
Metaplanet: Asia’s MicroStrategy
Metaplanet is dubbed “Asia’s MicroStrategy” because of its Bitcoin acquisition strategy. Reports show that Metaplanet owns a whopping 861.387 Bitcoin, acquired at an average price of 9,313,428 yen (about $61,752). At the current BTC price, Metaplanet’s total Bitcoin holding is worth around 8 billion yen, or $53,029,474. By completing the 11th series of stock acquisition rights, the Japanese investment firm will be able to double its Bitcoin holdings soon.
Read more: coinedition.com
