The post Metaplanet plans to raise $135 million in MERCURY preferred equity to buy more Bitcoin appeared on BitcoinEthereumNews.com. Key Takeaways Metaplanet will issue Class B Preferred Shares to raise substantial capital in order to accelerate its transition into a Bitcoin Treasury Corporation. With an issue price of ¥900 per share, the company expects to raise over ¥21 billion before expenses and ¥20.4 billion in net proceeds. ‘Asia’s MicroStrategy’ Metaplanet plans to raise over ¥21 billion, or approximately $135 million, via an allotment of 23.6 million MERCURY shares to acquire more Bitcoin. MERCURY is the company’s new Class B preferred equity. The estimated net proceeds of the offering are ¥20.4 billion. Metaplanet plans to allocate nearly ¥15 billion (around $95 million) to Bitcoin purchases, with the remainder directed toward Bitcoin income-generating strategies and the redemption of corporate bonds. The company believes global markets are undergoing a structural monetary shift and views Bitcoin as a superior long-term store of value due to its scarcity, portability, and transparency. Metaplanet currently holds 30,823 Bitcoin worth $2.8 billion, ranking as the world’s fourth-largest corporate holder of Bitcoin. Source: https://cryptobriefing.com/metaplanet-135-m-raise-buy-more-bitcoin/The post Metaplanet plans to raise $135 million in MERCURY preferred equity to buy more Bitcoin appeared on BitcoinEthereumNews.com. Key Takeaways Metaplanet will issue Class B Preferred Shares to raise substantial capital in order to accelerate its transition into a Bitcoin Treasury Corporation. With an issue price of ¥900 per share, the company expects to raise over ¥21 billion before expenses and ¥20.4 billion in net proceeds. ‘Asia’s MicroStrategy’ Metaplanet plans to raise over ¥21 billion, or approximately $135 million, via an allotment of 23.6 million MERCURY shares to acquire more Bitcoin. MERCURY is the company’s new Class B preferred equity. The estimated net proceeds of the offering are ¥20.4 billion. Metaplanet plans to allocate nearly ¥15 billion (around $95 million) to Bitcoin purchases, with the remainder directed toward Bitcoin income-generating strategies and the redemption of corporate bonds. The company believes global markets are undergoing a structural monetary shift and views Bitcoin as a superior long-term store of value due to its scarcity, portability, and transparency. Metaplanet currently holds 30,823 Bitcoin worth $2.8 billion, ranking as the world’s fourth-largest corporate holder of Bitcoin. Source: https://cryptobriefing.com/metaplanet-135-m-raise-buy-more-bitcoin/