Metaplanet raises $127m to buy more Bitcoin—shares slip on dilution fears
Metaplanet Inc. approved a $127 million capital raise to accelerate its Bitcoin-buying strategy, but investors balked at the dilution, sending the stock down about 3.5% on the day. Summary Metaplanet will issue 24.53 million new shares at ¥499 each through a third-party allotment, raising roughly ¥12.24 billion ($127 million). Most [...]
