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Metaplanet to spend $127m on BTC—dilution fear hurts shares – TON BOT

Metaplanet to spend $127m on BTC—dilution fear hurts shares

Metaplanet Inc. approved a $127 million capital raise to buy Bitcoin, issuing 24.53 million new shares at ¥499 each. Most funds will go towards Bitcoin purchases over the next two years. Cantor Fitzgerald placed the offering with offshore institutional investors. The stock dropped 3.5% on the news, but remains up over 80% from November lows.


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