The Board of Directors of Metaplenet (3350) has approved a capital injection of up to $ 5 billion for its US subsidiary, Metaplanet Treasury Corp, in an attempt to accelerate its bitcoins
Acquisition strategy.
The Japanese hotel company established its subsidiary based in Florida on May 1, with the aim of expanding its global Bitcoin Treasury operations.
The contribution is expected to accelerate significantly the implementation of its “555 million plan,” previously revealed on June 6, the company said in a statement.
The strategic objective of Metaplanet is to accumulate up to 210,000 BTC for the end of 2027, taking advantage of deep capital markets and advanced institutional infrastructure in the US. UU. To optimize acquisition and management processes.
This American expansion is aligned with the broader vision of the company to establish an integrated treasure model worldwide that supports the value of shareholders, improves the efficiency of treasure performance and strengthens its leadership in the capital markets of Bitcoin.
Financing for this contribution will provide the 20 to 22 series of shares of shares, and all income will be addressed to additional purchases of Bitcoins. It is important to note that there is no change in the previously revealed use of funds.
The financial impact on the current results of the fiscal year of the company is expected to be minimal, but Metaplenet has committed to quickly reveal any material development.
The Metaplanet actions that mentioned Tokyo, the eighth corporate head of Bitcoin with 11,111 BTC, closed 7% more under Tuesday.
Read more: Metaplanet Buy 1,111 Bitcoin for $ 117 million, pushes total holdings to more than 11k BTC
