Metaplanet Boosts Bitcoin Holdings with $1.2 Billion Share Issuance

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Japanese investment firm Metaplanet has announced a significant financial move, approving a $1.2 billion share issuance to bolster its Bitcoin reserves and expand its Bitcoin-centric business operations. The company plans to allocate a substantial portion of these funds towards acquiring more Bitcoin, reinforcing its long-term strategy to hedge against the weakening Japanese yen and mitigate inflation risks.

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