Metaplanet, a Japanese investment company, recently announced that it will fund Bitcoin acquisitions through a $68 million stock rights placement, a move aimed at establishing its position in the digital asset market. The placement will allocate rights on a pro rata basis among shareholders registered on September 5, 2024, and provide an exercise price of $3.70. In addition, Metaplanet has actively participated in promoting the global adoption of Bitcoin, successfully acquired Bitcoin assets worth 1 billion yen, and became a founding member of the "Enterprise Bitcoin Initiative".

Key Points

- Metaplanet announced a $68 million stock rights placement to fund Bitcoin acquisitions, marking a strategic adjustment for the company.

- The company's board of directors has approved the allocation of the eleventh series of unlisted stock acquisition rights to all common shareholders at no charge.

- Shareholders registered on September 5, 2024 will be allocated stock acquisition rights at a ratio of one right per share.

- The exercise price of the rights has been set at $3.70, and participants are required to exercise their rights within a specific period.

- Shareholders are not obliged to exercise their rights, and the company can recover unexercised rights at no charge after the deadline.

- Metaplanet has successfully acquired 1 billion yen worth of Bitcoin assets, with a total holding of 20.381 BTC, and the stock price has been positively affected.

- The company became a founding member of the "Enterprise Bitcoin Initiative" to promote the adoption of Bitcoin around the world.