A publicly traded Japanese company known as "Asia's MicroStrategy," Metaplanet, is seeking over 116 billion yen ($745 million) in order to increase its Bitcoin holdings.
The business declared on January 28 that it had issued 21 million shares via moving strike warrants, which provide investors the ability to purchase stock at variable exercise prices. The share price of Metaplanet's offering is fixed at the full closing value on the pricing day, in contrast to the usual practice of issuing such warrants at a discount.
