Metaplanet Holders Approve New Funding Tools to Buy Bitcoin
Metaplanet Inc., a Japanese Bitcoin treasury, has secured shareholder approval for a proposal to raise up to ¥555 billion ($3.8 billion) through the issuance of preferred shares. This move aims to expand the company's financing options after a slump in its stock price. The new funding tools will allow Metaplanet to potentially increase its Bitcoin holdings and diversify its investment portfolio. The company's management believes this will strengthen its position in the rapidly evolving cryptocurrency market. The proposal was approved by Metaplanet's shareholders, indicating their confidence in the company's long-term strategy and its ability to navigate the challenges of the digital asset industry. The additional capital raised through the preferred shares will give Metaplanet more flexibility to capitalize on market opportunities and support its growth plans.
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