Japan’s Metaplanet approved a $137M overseas capital raise to buy Bitcoin, fund its Bitcoin business, and repay part of its debt. Overseas capital raise structureMetaplanet said it will issue 24.5 million common shares to overseas investors. Metaplanet described itself as a Bitcoin Treasury Company in the filing. “The financing structure enables Metaplanet to capitalize upon the volatility of its common stock,” he said. Related Reading: Metaplanet Spends $451M on Bitcoin, Holdings Surpass 35,000 BTCBroader fundraising effortsThe overseas raise follows recent funding changes by Metaplanet.