Metaplanet dumped 2,100 BTC (~$170 million) to acquire 93.7%

RAMΞN 🍜 | Asteroid2026/10/20 04:24:38

Metaplanet dumped 2,100 BTC (~$170 million) to acquire 93.7% of a Nasdaq-listed company, renamed it SuperPlanet, and turned it into a U.S.-based BTC treasury. I think this move is smart: they now have a publicly traded shell to raise USD capital to buy more BTC. This is the Japanese strategy—opening a U.S. subsidiary: https://t.co/2Ft6hzjMii

Source:Show original

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.