An announcement from Metaplanet KK ( (JP:3350) ) is now available.
Metaplanet Inc. announced a change in the use of funds from its recent issuance of the 8th Series of Ordinary Bonds, deciding to allocate the proceeds towards Bitcoin purchases and bond redemption. This strategic adjustment aims to secure necessary funds for bond repayment through the exercise of stock acquisition rights, with no immediate impact on the company’s consolidated financial results.
More about Metaplanet KK
Metaplanet Inc. operates in the financial industry, focusing on investments in digital assets such as Bitcoin. The company is involved in issuing bonds and stock acquisition rights to fund its operations, with a market focus on leveraging cryptocurrency for income generation.
YTD Price Performance: 2.73%
Average Trading Volume: 4,307,019
Technical Sentiment Consensus Rating: Sell
Current Market Cap: Yen154.9B
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