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🚨 Bitcoin Whale Metaplanet Goes Deeper Into BTC Despite Being 'Underwater'! 😮
Japan's largest corporate Bitcoin holder, Metaplanet, is raising $135 million to buy more BTC — even though its current holdings are trading below cost.
To avoid further stock price drops, the company is issuing preferred shares with a 4.9% dividend yield instead of common stock. Metaplanet's share price has already fallen nearly 60% in the last six months.
#Bitcoin #CryptoNews
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