Metaplanet raises $66 million through stock acquisition rights plan, EVO Fund holds 14.9% stake

PANews reported on October 23 that according to CoinDesk, Japanese investment advisory company Metaplanet completed the 11th round of stock acquisition rights plan, raising $66 million (about 10 billion yen). 72.8% of the rights were exercised by shareholders, and EVO Fund acquired 14.9% of the company's shares through exercise. The stock rights issuance lasted for more than a month, giving shareholders the opportunity to purchase new shares at a discount. Metaplanet also used Bitcoin as a reserve asset this year, currently holding 861.4 BTC, and its stock has risen 642% year-to-date.