BlockBeats News, June 25th, Japanese listed company Metaplanet announced that it has issued 54 million shares for the first time through the exercise of the 20th series of stock warrants, successfully raising 74.9 billion yen (approximately $515 million) in equity capital to purchase more Bitcoin. This issuance accounts for 29% of the company's warrants, with approximately 1.31 million warrants (approximately 131 million shares) remaining to be exercised.
Previously, Metaplanet planned to issue a total of 555 million new shares (92% of the outstanding shares) to raise $5.4 billion for Bitcoin acquisitions.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.