Metaplanet (3350)Japanese hotel investors have announced the purchase of Bitcoin (BTC) the largest capital raising in the history of the Chinese stock market.
Metaplanet has issued 21 million shares through a 0 % discount strike order, raising approximately 116 billion yen ($ 745 million). This enables holders to purchase stocks at the industry prices equal to the market price, thereby minimizing the diluted stocks of existing shareholders.
The issuance is part of the company’s “Bitcoin first, only Bitcoin” strategy, which is in line with its plan to continue to increase Bitcoin’s holdings when its plan is depreciating the yen and the highest level of Bitcoin history.
The stock acquisition right is issued at the price of 363 yen ($ 2.33) per unit, and has a adjustable exercise price based on market value.
Metaplanet is Public The trading Bitcoin holder is 1,762 BTC. It increased by 3 % on the day, and its stock year rose only 16 %.
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