CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Crypto Potato 2024-11-29 10:33:51

Metaplanet Secures $62M to Buy Bitcoin Portfolio via 12th Stock Acquisition Rights

Japanese investment firm, Metaplanet has announced a plan to raise 9.5 billion Japanese yen, worth $62 million, through a stock acquisition scheme. This move marks another step in boosting its Bitcoin portfolio. It aligns with the company’s strategic focus on reducing exposure to the depreciating Japanese yen while leveraging Bitcoin’s long-term growth potential. The company’s Board of Directors approved the allocation of 29,000 units of its 12th Stock Acquisition Rights to EVO FUND, a Cayman Islands-based investment entity, under a third-party allotment scheme. Bitcoin Acquisition through Stock Scheme The proceeds will primarily fund the acquisition of additional Bitcoin, strengthening Metaplanet’s existing treasury of 1,142 BTC, valued at over $109 million as of November 28, 2024. The offering is structured to raise capital dynamically, adjusting the exercise price of the stock acquisition rights based on market conditions. This approach allows for flexibility while mitigating excessive dilution of existing shares, though the process will result in an estimated 8% dilution. According to the company, this initiative highlighted its vision of becoming a “Bitcoin-first” treasury management entity. “We are prioritizing a Bitcoin-first, Bitcoin-only approach to treasury management. We have made it clear that we intend to utilize debt and periodic stock issuance to systematically increase our Bitcoin holdings while reducing exposure to a depreciating yen.” Metaplanet’s strategy also considers Japan’s economic environment, with persistent yen depreciation and inflation adding urgency to its Bitcoin-focused treasury transformation. The funds are expected to be utilized between December 2024 and June 2025, with a smaller portion allocated to operational expenses. Bitcoin Acquisition Strategy Closely following MicroStrategy’s Bitcoin-focused financial strategy, Metaplanet started its BTC acquisitions in April. The firm has amassed 1,142 Bitcoin so far, valued at over $109 million, marking a bold commitment to cryptocurrency investments. Earlier this month, the Tokyo-listed company approved a one-year debt issuance worth ¥1.75 billion, valued at around $11.3 million, at 0.36% annual interest during its November 18 board meeting. As reported earlier, proceeds will fund Bitcoin purchases, supporting the company’s strategy to grow its cryptocurrency reserves. The bonds, redeemable at face value on November 17, 2025, will be drawn after guarantee arrangements are finalized. The post Metaplanet Secures $62M to Buy Bitcoin Portfolio via 12th Stock Acquisition Rights appeared first on CryptoPotato .

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta