MetaPlanet has launched a new fundraising scheme, and it's quite a sophisticated setup. They've raised 40.8 billion yen, with an additional option for 44.5 billion yen on top... It really shows how serious companies committed to accumulating Bitcoin are. The mNAV clause and the mechanism that prioritizes BTC purchases while limiting dilution are also interesting. It's rare for a Tokyo-listed company to design its capital structure with such meta-level thinking. They currently hold 35,102 BTC at the current Bitcoin level, aiming for an additional 210,000 BTC... the scale is just different.

Separately, RaveDAO's RAVE token has recently gone wild. It surged over 6,000% in the past month, jumping from around 25 cents to over $14, and apparently briefly entered the top 50 by market cap. It's marketed as a Web3 music protocol linking EDM culture with blockchain, but 90% of the supply is concentrated in just three wallets... This pattern suggests low liquidity and short-selling leading to a short squeeze. The speculative frenzy is intense. Tokens with such high concentration can reverse at any time, so caution is advised.