Metaplanet Shares Jump 6% as Company Unveils Major Financing Moves
Metaplanet Inc. (3350) rose 5.7% on Wednesday after the Tokyo-based company said it plans to sell shares to foreign investors, provided updates on recent capital actions and said it will temporarily suspend warrant exercises.
The company plans to issue up to 555 million new Tokyo-traded shares through an international offering, subject to shareholder approval at an extraordinary general meeting on Sept. 1, it said in a post on X.
The offering is expected to raise around 130.3 billion yen ($880 million), with the majority allocated to bitcoin purchases and a smaller portion to its bitcoin income generation business. The move is intended to expand bitcoin net asset value (NAV) and strengthen ties with global institutional…
