Metaplanet Raises $1.4 Billion Amid Stock Decline
Metaplanet's stock has fallen 30% following an international offering, continuing a downward trend. Despite this, the company successfully raised $1.4 billion through the issuance of 385 million new shares to enhance its Bitcoin holdings. This move aims to strengthen its position in the cryptocurrency market, although it carries dilution risks for existing shareholders.
Metaplanet Raises $1.4 Billion Amid Stock Decline
Metaplanet's stock has fallen 30% following an international offering, continuing a downward trend. Despite this, the company successfully raised $1.4 billion through the issuance of 385 million new shares to enhance its Bitcoin holdings. This move aims to strengthen its position in the cryptocurrency market, although it carries dilution risks for existing shareholders.
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