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Metaplanet Jump 16% On $1.4B Fundraising For Bitcoin Treasury Expansion As KindlyMD Joins
['Steven Walgenbach', 'Updated']
InsideBitcoins.com
KindlyMD Commits $30M To Metaplanet’s New OfferingDavid Bailey’s Nakamoto, a subsidiary of Bitcoin treasury company KindlyMD, has already said that it has committed up to $30 million to take part in Metaplanet’s global equity offering.
That will be Nakamoto’s largest investment to date and its first in a publicly-listed Asian company with a Bitcoin treasury strategy.
Since the merger, KindlyMD and Nakamoto have grown their Bitcoin holdings to 5,765 BTC, ranking KindlyMD as the sixteenth-biggest BTC treasury globally.
Metaplanet To Use $1.2 Billion For More Bitcoin PurchasesMetaplanet is currently the largest corporate Bitcoin holder in Asia, and the sixth-biggest BTC treasury globally, according to data from Bitcoin Treasuries.
That would lift the company up two positions in the current Bitcoin treasury rankings, and place it ahead of Bullish and Bitcoin Standard Treasury Company with its 30,021 BTC.
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