Metaplanet Inc. (3350) and the Blockchain Group (ALTBG) both implemented large equity capital raised as part of their initiatives to focus on Bitcoin accumulation for Treasury’s purposes.
Metaplanet announced The conduct of the 20th series of stock retrieval rights under the recently announced 555 million plans, raising 74.9 billion yen, ($ 515 million) a day. It released 54 million new shares on Wednesday following the conduct of 540,000 stock acquisition rights, representing 29% of the total rights issued.
The issue is the first major capital injection under the plan and represents 10% of the entire target. Metaplanet’s stock dropped almost 15% before ranging strongly to close 4%. CEO Simon Gerovich Give the strategic milestone with an X post, which features a strong start to the program.
The blockchain group (ALTBG), for its part, announced a 4.1 million-euro ($ 4.8 million) capital Increase an Equity-Type-Type Issuing Agreement with Tobam Agreement.
Shares to the company listed in Euronext listed in Paris are issued at an average price of 5.085 euro each. The capital increase is aligned with the company’s approach to increase the number of bitcoin each part on a fully melted basis. The blockchain group is currently holding 1,653 BTC and it is the first of its type in Europe pursuing the model.
Blockchain Group shares have recently been 3.7% less than 4.785 euro.
