Japanese listed company Metaplanet's stock price plummeted, and its Bitcoin financing "flywheel" strategy failed.
TechFlowAug 31, 2025On August 31, Bloomberg reported that Japanese Bitcoin treasury company Metaplanet's stock price has fallen by more than 50% since mid-June, causing its reliance on financing "flywheel" to fail. The company plans to raise $884.00 million through overseas share sales and will vote at the September 1 shareholders meeting on whether to issue up to 555.00 million preferred shares, which are expected to raise $3.80 billion to expand its Bitcoin holdings. Metaplanet aims to increase its holdings to 100,000 $BTC by the end of 2026. In addition, Eric Trump, the son of US President Donald Trump and an advisor to the company, has been granted 3.30 million shares. [Techflow]
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Japanese listed company Metaplanet's stock price plummeted, and its Bitcoin financing "flywheel" strategy failed.
TechFlowAug 31, 2025On August 31, Bloomberg reported that Japanese Bitcoin treasury company Metaplanet's stock price has fallen by more than 50% since mid-June, causing its reliance on financing "flywheel" to fail. The company plans to raise $884.00 million through overseas share sales and will vote at the September 1 shareholders meeting on whether to issue up to 555.00 million preferred shares, which are expected to raise $3.80 billion to expand its Bitcoin holdings. Metaplanet aims to increase its holdings to 100,000 BTC by the end of 2026. In addition, Eric Trump, the son of US President Donald Trump and an advisor to the company, has been granted 3.30 million shares. [Techflow]
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