Metaplanet’s Bitcoin Strategy Stalled by Stock Market Collapse, Seeking New Funding

Metaplanet, a Japanese company known for its substantial Bitcoin holdings, is facing a funding crisis stemming from a dramatic 54% drop in its stock price since June. This decline has paralyzed the company’s established funding model based on subscription warrants, leading to the need for an innovative solution to continue its ambitious Bitcoin acquisition strategy. The company plans to raise $880 million through a public offering on foreign markets to maintain its investment in cryptocurrency.