Metaplanet’s Bitcoin Fund Raising Faces Crunch as Share Price Plummets

Tokyo-based firm Metaplanet, known for its aggressive Bitcoin accumulation, is facing financial strain due to a plummeting share price. This threatens the company’s funding model, which relied on rising stock values to unlock capital from an MS warrant issued by its major investor, Evo Fund. 54% of Metaplanet’s share value has vanished since mid-June, despite Bitcoin (BTC) experiencing minor gains during the same period. This decline puts a strain on the company’s “flywheel” mechanism, a crucial element for raising capital through MS warrants issued to Evo Fund.