Metaplanet, the Japanese-based Bitcoin Treasury Ministry, announced today that it has successfully completed its public recruitment process.
Metaplanet grows Bitcoin Treasury with a $1.4 billion IPO
The company's CEO, Simon Gerovich, said in a post on the X Platform that a large number of institutional investors were involved in the process. Mutual funds, sovereign wealth funds and hedge funds were notable among investors.
According to Gerovich, about 100 institutional investors took part in the roadshow held before the IPO. In the end, more than 70 investors participated in Metaplanet's capital raising. Previously disclosed information showed that the company raised approximately $1.4 billion through its IPO.
This funding will accelerate Metaplanet's growth plan, allowing the company, particularly to increase its balance sheet Bitcoin holdings. Gerovich emphasized that this step will drive Metaplanet to the next stage of development and strengthen the company's global Bitcoin strategy.
Metaplanet has recently become one of Japan's leading companies that promote the adoption of digital assets. The company previously said it views Bitcoin as a long-term valued storage.
This large-scale IPO is considered an important step in not only strengthening Metaplanet's capital, but also integrating Japan's role in the global cryptocurrency market.
*This is not investment advice.
