Japanese company Metaplanet bought another ¥400 million ($2.5M) in Bitcoin, continuing its strategy of accumulating Bitcoin as a treasury reserve asset to mimic MicroStrategy.
MicroStrategy boosted its planned stock sale to $700 million from $500 million to raise additional funds for purchasing Bitcoin amid strong investor demand.
MicroStrategy plans to raise $500 million through a convertible senior notes offering, with proceeds going primarily toward acquiring more Bitcoin for its corporate treasury.
Longstanding Japanese firm Metaplanet announced another ¥250 million Bitcoin purchase, continuing to mimic MicroStrategy's strategy of amassing corporate Bitcoin reserves.
Medical device maker Semler Scientific acquired 247 more Bitcoin and plans to raise $150 million to further expand its Bitcoin treasury holdings, following MicroStrategy's lead.
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