Metaplanet (3350)the largest Japanese Bitcoin Treasury Company, planning to raise a net 204.1 billion yen (1.4 billion dollars) In an international sales sale to strengthen its holdings of the largest cryptocurrency.
The Tokyo-based company, which already owns 20,136 BTC and has the sixth largest stash among publicly traded businesses around the world, said it priced the 385 million new shares of 553 yen each. Its stock rose 16% to 714 yen on Wednesday on record trading volume.
Nakamoto Holdings (Naka)A Bitcoin Treasury company founded by David Bailey, a crypto adviser for President Donald Trump, said in a separate announcement that it committed that they bought $ 30 million of the new shares. Naka shares rose 77% on Tuesday.
The metaplan said it will award 183.7 billion yen of the proceeds against Bitcoin purchases in September and October. Another 20.4 billion yen will go into its Bitcoin income generation business.
When the sale announced in August is completed, the number of metaplan’s outstanding shares will increase to more than 1.14 billion.
