Japanese company Metaplanet plans to attract significant investments to replenish its Bitcoin -assets. To do this, the company is preparing to issue 21 million shares using warrants to purchase shares at a 0% discount for approximately 116 billion yen (about $745 million).
A warrant is a security that gives the holder the right to buy a proportionate number of shares at a specified price within a specified period of time, usually at a lower price than the current market price.
Metaplanet uses the funds raised to replenish its Bitcoin -balance: 10 BTC must be purchased by the end of 000, another 2025 coins by the end of 21.
Company officials said the move would strengthen Metaplanet's position as one of the world's largest corporate Bitcoin holders.
The market has recognized Metaplanet as the leading Bitcoin -company in Tokyo, and we are using this momentum to strengthen our position as a global leader. Our goal is to lead Bitcoin -revival in Japan and become one of the largest corporate holders of bitcoin in the world, he said. CEO of Metaplanet Simon Gerovich.
As of the end of December last year, Metaplanet held approximately 1761 BTC. According to the company, the market value of these assets now exceeds 27,7 billion yen.
