-- #metaplanet has completed its 11th series of share rights acquisitions. After the exercise of all share rights and the issuance of shares, Metaplanet could raise 5.7 billion yen (US$37.8 million) from the EVO fund.
-- Of the total number of shares issued (18.1 million), 72.8% have been realized by #Shareholders .

Japanese investment adviser Metaplanet Inc. (3350) successfully completed its 11th series of rights acquisitions, raising a total of 10 billion yen (US$66 million).

The initial rights acquisition #announcement was made on August 6, when Metaplanet's share price was around 700 yen. This gave shareholders the opportunity to purchase new shares at a discounted rate of 555 yen per share.

Metaplanet adopted #Bitcoin❗ as a reserve asset in May as it sought to hedge against yen volatility. According to bitcointreasuries.net , the company now owns 861.4 $BTC
, and its shares are up 642% since the beginning of the year.

The rights to purchase shares were granted to shareholders for free; for every common share held, shareholders received ONE right to purchase shares. The share purchase rights period commenced on September 6 and ended on October 15, giving shareholders time to exercise their rights or allow them to lapse.

During this period, of the total 18.1 million shares issued, 72.8% were exercised by shareholders, equivalent to 13,774 individuals. As a result, 13.2 million shares were issued, generating 7.32 billion yen (US$48.5 million).

Shareholders who did not intend to exercise their rights to acquire shares, totaling 1.7 million units, were transferred without commission to MMXX Ventures Limited (1.5 million units), its CEO Simon Gerowitz (215,180 units) and EVO Fund (4.9 million units). The total raise after these transfers amounted to 10 billion yen (US$66 million).

The amount of capital raised in connection with the transfer to the EVO Fund is 5.7 billion yen (US$37.8 million).
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