Metaplanet (3350), the largest Japanese bitcoin BTC$112,364.64 treasury company, plans to raise a net 204.1 billion yen ($1.4 billion) in an international share sale to bolster its holdings of the largest cryptocurrency.
The Tokyo-based company, which already owns 20,136 BTC and has the sixth-largest stash among publicly traded companies worldwide, said it priced the 385 million new shares at 553 yen each. Its stock surged 16% to 714 yen on Wednesday on record trading volume.
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