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Metaplanet shareholders have greenlit an $884 million overseas share sale to address a financing crunch. The Japanese Bitcoin treasury firm’s stock-dependent funding model has slowed significantly amid declining share prices. The move comes as the company struggles to maintain its aggressive Bitcoin accumulation strategy.
- Metaplanet's stock-dependent financing mechanism has slowed due to a 54% stock price decline since mid-June, reducing capital available for Bitcoin purchases
- The company recently acquired 1,009 BTC for $112.2 million, bringing total holdings to 20,000 BTC and achieving 486.7% YTD yield
- Metaplanet aims to own 210,000 BTC by 2027 but faces runway challenges unless the $884 million capital raise succeeds
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