Metaplanet Inc (3350) and the Blockchain group (AltBG) both performed significant share capital as part of their initiatives to focus on Bitcoin accumulation to the Treasury.
Metaplanet announced the exercise of its 20th row of share purchase rights under the recently announced plan of 555 million and raised $ 74.9 billion, ($ 515 million) in a single day. It issued 54 million new shares on Wednesday after the exercise of 540,000 share purchase rights representing 29% of the total rights issued.
The problem is the first major capital injection under the plan and represents 10% of the full target. The Metaplanet stock fell as much as 15%before they gathered strongly to close 4%. CEO Simon Gerovich emphasized the strategic milestone with a post of X that highlighted the strong start of the program.
The Blockchain Group (AltBG), in turn, announced a $ 4.1 million ($ 4.8 million-dollar) capital increase through a market-type-recovery agreement with Tobam.
Shares in Euronext Growth Paris-Listed Company were issued at an average price of 5.085 euros each. Capital is rising with the company’s strategy to increase the number of bitcoin per year. Stock on a fully diluted basis. The Blockchain group currently has 1,653 BTC and is the first of its kind in Europe to pursue such a model.
Blockchain Group shares were recently 3.7% lower at 4,785 euros.
