Metaplanet (3350), the Japanese hotel investor, announced the greatest increase in capital in the history of the Asian equity market to buy Bitcoin (BTC).
Metaplanet issued 21 million shares thanks to 0%moving strike mandates, increasing around 116 billion yen ($ 745 million). This allows holders to buy actions at an exercise price equal to the market price, minimizing dilution for existing shareholders.
The program is part of the “Bitcoin-ST, Bitcoin only” strategy of the company, which aligns its plans to continue to increase its Bitcoin titles in the middle of the devaluation of the yen and all Bitcoin times .
The actions to acquire shares were issued to 363 yen per unit ($ 2.33) and have adjusted exercise prices according to the market value.
Metaplanet is the fifteenth Bitcoin holder on the stock market, with 1,762 BTC. It closed 3% more during the day and its shares increased by 16% for the start of the year.
Non-liability clause: This article, or part of IT, was generated with the help of AI tools and examined by our editorial team to guarantee accuracy and membership of our standards. For more information, see the complete Coindesk AI policy.
