Metaplanet, the Japanese Hospitality and Real Estate Group that turned into Bitcoin Treasury Company, said on Tuesday that it would issue 385 million new shares to expand Bitcoin and relevant businesses.
The shares will be sold through an international offer outside Japan at 553 yen (3.75 dollars) each, and an estimated 212.9 billion yen ($ 1.44 billion) raised the company. He said. The version price represents a 9.9 % discount on the Metaplanet closure price on Tuesday of 614 yen.
The payment date was determined on September 16, when insurance companies and investors transfer money to the company. The date of delivery is followed on September 17, when the new stocks are credited with investors.
This step is to offer shares, not the issuance of bonds – this means that there is no voucher rate. Instead, new stocks are sold, which increases the risk of mitigating the current shareholders.
Metaplanet said that revenues will be used to purchase an additional Bitcoin (BTCBetween September and October as a hedge against more Japanese yen’s value, and the expansion of the company’s Bitcoin generation, which has so far relied on BTC’s trading.
This step follows series to Bitcoin purchases That has Pay metaplanet In the ranks of the largest BTC holders in the world, with 2013 BTC in its budget, according to the industry Data.
Although metaplanet is still official classified As a hotel operator, he was pivotal towards digital assets for more than a year. The company revealed the Bitcoin strategy for the Treasury in 2024 as a hedge against inflation, negative interest rates and long -term national debts in Japan. Since then, it has repeatedly raised the capital to get BTC – at the expense of reducing more shareholders.
Metaplanet has increased by more than 150 % over the past year due to the enthusiasm of its Bitcoin strategy. However, last month, the shares traded in Japan decreased by approximately 39 %, even with the Nikkei standard in Japan 1.7 % during the same period.
Related to: The Bitcoin strategy of Metaplanet faces a fundraising crisis such as stock basins: Report
Treasury companies in Bitcoin face risk risk
After a preliminary increase in enthusiasm, the Metaplanet Bitcoin strategy began facing the usual wind, with the loss of the “budget wheel” force that is known very much, according to Bloomberg Law. This slowdown has pushed the company to search for new sources of financing, especially from the global markets, which explains its latest version.
Analysts warn that the foster narrowing can become a major source of volatility for Bitcoin. The distinctive gap indicates the difference between the price of Bitcoin Treasury and the value of the net assets (NAV) – a recently compressed spread, according to NYDIG Globlay, head of research, Greg Sibolaro.
However, the strategy continues to acquire traction, as dozens of companies that are heading towards the treasury models are heading digital assets.
Public companies now have more than a million BTC collectively, and Some treasury bonds began to expand In the ether (Eth), Solana (Teller) And other altcoins.
magazine: 3 people have become unexpected with millions of coded … and those who did not do so
publish_date
