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Metaplanet KK ( (JP:3350) ) has shared an announcement.
Metaplanet Inc. has announced the issuance of 385 million new shares through an international offering, raising approximately JPY 204,123 million. The proceeds will primarily be used to purchase Bitcoin and support the company’s Bitcoin income generation business, reflecting its strategic shift towards cryptocurrency in response to Japan’s economic conditions.
The most recent analyst rating on (JP:3350) stock is a Hold with a Yen1044.00 price target. To see the full list of analyst forecasts on Metaplanet KK stock, see the JP:3350 Stock Forecast page.
More about Metaplanet KK
Metaplanet Inc. operates in the financial technology sector, focusing on cryptocurrency and blockchain solutions. The company has strategically adopted Bitcoin as its primary reserve asset to hedge against economic risks and enhance corporate value.
Average Trading Volume: 32,690,515
Technical Sentiment Signal: Buy
Current Market Cap: Yen532.6B
Learn more about 3350 stock on TipRanks’ Stock Analysis page.