Metaplanet’s Bitcoin Strategy Is Facing Major Financing Test

Metaplanet shareholders reportedly approved a proposal to raise $884 million by selling up to 550 million new shares overseas. The decision comes at a time of particular financial difficulty for the company. Since mid-June, Metaplanet’s stock has plummeted 54 percent.   The Plan to Replenish Bitcoin Funding In a crucial move to rescue its ambitious Bitcoin accumulation strategy, Metaplanet shareholders have reportedly approved a proposal to raise $884 million by selling up to 550 million new shares overseas source: https://beincrypto.com/metaplanet-bitcoin-plan-funding-challenge/