Coins

Metaplanet Plans $3.7B Stock Raise to Fuel Massive Bitcoin Buying Spree

In brief Japanese investment firm Metaplanet has filed to raise $3.7 billion through preferred shares to fund Bitcoin purchases toward 210,000 BTC goal by 2027. The proposed offering represents 75% of its current market cap and requires shareholder approval on September 1. Metaplanet cautioned that no specific issuance plan exists yet, with Bitcoin trading rangebound…

Markets

Strategy Boosts Bitcoin Holdings With Latest $739.8 Million BTC Purchase

In brief Bitcoin treasury company Strategy spent nearly $740 million on bitcoin purchases. The Tysons Corner, Virginia-based company now holds 607,770 digital coins—worth over $72 billion. Bitcoin was recently trading just below $119,000. Strategy, the world’s largest corporate holder of Bitcoin, announced Monday that it bought 6,220 Bitcoin worth $739.8 million. The Nasdaq traded company now…