Metaplenet Inc (3350) and the Blockchain Group (ALTBG) executed the capital of substantial capital increased as part of their initiatives to focus on the accumulation of Bitcoin for treasure purposes.
Metaplenet announced the exercise of its twentieth series of shares acquisition rights under the 555 million recently announced plan, raising 74.9 billion yen, ($ 515 million) in a single day. He issued 54 million new shares on Wednesday after the exercise of 540,000 rights acquisition rights, which represents 29% of the total rights issued.
The problem is the first important capital injection under the plan and represents 10% of the full objective. The Metaplenet stock fell up to 15% before gathering strongly to close 4%. The CEO Simon Gerovich emphasized the strategic milestone with a publication on X, highlighting the strong beginning of the program.
The Blockchain Group (ALTBG), on the other hand, announced a capital increase of 4.1 million euros ($ 4.8 million) through a type capital issuance agreement in the market with Tobam.
The shares of the company that is quoted in Paris, the shares were issued at an average price of 5,085 euros each. Capital increases with the company’s strategy to increase Bitcoin by action on a fully diluted basis. The Blockchain group currently has 1,653 BTC and is the first of its kind in Europe that pursues the model.
Blockchain Group shares were recently 3.7% lower than 4,785 euros.
