Metaplanet has completed its 11th series of stock acquisition rights, after all the stock rights are exercised and shares are issued Metaplanet would have raised 5.7 billion yen .Japanese investment adviser Metaplanet Inc. has successfully completed its 11th series of stock acquisition rights, raising a total of 10 billion yen .
Metaplanet adopted bitcoin as a reserve asset in May as it aimed to hedge against volatility in the yen. The company now holds 861.4 BTC, according toThe stock acquisition rights were issued with no charge to shareholders; for each common stock held, shareholders received one stock acquisition right. The stock acquisition rights period started on Sept. 6 and concluded on Oct. 15, giving shareholders the time to exercise their rights or let them expire.