MetaPlanet Announces New Capital Increase for Bitcoin Strategy

MetaPlanet, a company listed on the Tokyo Stock Exchange Standard that purchases Bitcoin (BTC) as part of its financial strategy, disclosed on the 20th the issuance of Class B perpetual preferred shares. The net proceeds from this share issuance, after deducting the estimated issuance costs, are approximately 20.4 billion yen. The company plans to allocate these funds towards purchasing Bitcoin and investing in Bitcoin income businesses. On the company's website under 'Disclosure Information', three announcements were published on the 20th, with the relevant information pertaining to the 'Notice of Issuance of Class Shares via Third-Party Allotment'. The decision for this issuance was made during the board of directors meeting held on the 20th, where the third-party allotment of Class B shares...