Bitcoin’s latest downturn has been sharp and fast. The cryptocurrency has fallen 15% over the past 7 days, nearly 25% in November, and 12% over the past 24 hours, leaving BTC trading around $81,915. Despite the pullback, institutions appear to be adding exposure, most notably Tokyo-based Metaplanet, which is preparing a significant capital injection into its Bitcoin strategy.
Metaplanet has filed plans to issue 23.61 million Class B Preferred Shares, priced at ¥900 each, raising an estimated ¥21.249 bn (about $150M). Net proceeds are expected to reach ¥20.4 bn, earmarked for three core object