On August 31, Bloomberg reported that Japanese Bitcoin treasury company Metaplanet's stock price has fallen by more than 50% since mid-June, and its financing "flywheel" is failing. Previously, on August 27, Metaplanet issued an announcement stating that it plans to raise $881.00 million to increase its Bitcoin holdings in September and October. The financing will be raised through the international issuance of new shares, with estimated net proceeds of approximately 130,334,000,000.00 Japanese Yen (approximately $881.00 million), which is planned to be used for:· Purchasing Bitcoin: 123,818,000,000.00 Japanese Yen ($837.00 million)· Bitcoin financial operations: 6,516,000,000.00 Japanese Yen ($44.00 million)In addition, Eric Trump, the second son of Trump, will attend the shareholders' meeting of Japanese Bitcoin financial company Metaplanet Inc. on September 1. [BlockBeats]
On August 31, Bloomberg reported that Japanese Bitcoin treasury company Metaplanet's stock price has fallen by more than 50% since mid-June, and its financing "flywheel" is failing. Previously, on August 27, Metaplanet issued an announcement stating that it plans to raise $881.00 million to increase its Bitcoin holdings in September and October. The financing will be raised through the international issuance of new shares, with estimated net proceeds of approximately 130,334,000,000.00 Japanese Yen (approximately $881.00 million), which is planned to be used for:· Purchasing Bitcoin: 123,818,000,000.00 Japanese Yen ($837.00 million)· Bitcoin financial operations: 6,516,000,000.00 Japanese Yen ($44.00 million)In addition, Eric Trump, the second son of Trump, will attend the shareholders' meeting of Japanese Bitcoin financial company Metaplanet Inc. on September 1. [BlockBeats]
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