[Metaplanet board approves plan to raise $1.2B, earmarks $835M for BTC buys]
Metaplanet will issue up to 555 million new shares, with most of the $1.2 billion raised directed toward Bitcoin purchases and income strategies.

<p><img src="https://static.fwimg.io/img/1px.png" alt="Metaplanet board approves plan to raise $1.2B, earmarks $835M for BTC buys"></p><p>Metaplanet will issue up to 555 million new shares, with most of the $1.2 billion raised directed toward Bitcoin purchases and income strategies.</p>

Metaplanet board approves plan to raise $1.2B, earmarks $835M for BTC buys

Bitcoin Cash (BCH) was also among the top performers, rising 2.7% from Tuesday.

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VanEck analyst Matthew Sigel noted a rare divergence between BTC and ETH today: Bitcoin experienced its largest single-day drop exceeding 10%, while Ethereum did not experience a retracement of 10% or more, marking the first time since 2021. This has occurred only 52 days since 2020, representing approximately 2.7% of such days. Historical data shows that under these conditions, Bitcoin's median performance over the next 7 and 30 days is -2.8% and -15.6%, respectively, while Ethereum's is +6.4% (7 days), -8.4% (30 days), and -1.6% (7 days).