Metaplanet's stock price has dropped by over 50% since mid-June, and the financing "flywheel" is now failing.
BlockBeats News, August 31st: According to Bloomberg, the stock price of the Japanese Bitcoin treasury company Metaplanet has fallen by over 50% since mid-June, and its financing "flywheel" is failing. On August 27th, Metaplanet announced its plan to raise $881 million to increase its Bitcoin holdings in September and October. The financing will be raised through an international stock issuance, with an expected net fundraising of approximately 130.334 billion yen (about $881 million), intended for:
· Bitcoin purchase: 123.818 billion yen ($837 million)
· Bitcoin financial operations: 6.516 billion yen ($44 million)
In addition, Eric Trump, the son of former U.S. President Donald Trump, will attend the shareholder meeting of the Japanese Bitcoin financial company Metaplanet Inc on September 1st.
You may also like
The most secretive AI winner
Former ByteDance employee's account: How I started with two Pinduoduo hard drives and made six times the profit with Seagate to achieve financial freedom?
MiCA reshuffle begins, Binance temporarily bids farewell to the EU
How does Gate redo "buying and selling stocks" from the cryptocurrency world to the stock market?
Visa and Mastercard join 140 giants to launch a new stablecoin, but the impact on the market landscape may still be limited
Circle CEO responds to OUSD's challenge: Stablecoins are a winner-takes-all business, and we will not slow down
Argentina vs Cape Verde: When a Record-Breaking Legend Meets an Unbreakable Underdog
WEEX exclusive pre-match analysis of Argentina vs Cape Verde, exploring Messi-led Argentina’s dominance and Cape Verde’s historic defensive breakout, with a breakdown of volatility, structure, and match dynamics.

