Summary
- Some shareholders of the Japanese-listed company Bit Holdings have officially requested fundraising for the purchase of up to 50,000 Bitcoins.
- The shareholders are reportedly seeking to raise ¥799 billion (about $5.6 billion), mainly through the issuance of new shares via Moving Strike Warrants (MSW).
- This move is seen as a response to the sharp stock price increase of Metaplanet, which is known for a similar Bitcoin reserve strategy in Japan.
Some shareholders of the Japanese-listed company Bit Holdings have called on the company to secure funding for the purchase of up to 50,000 Bitcoins.
On the 16th (local time), Bit Holdings announced on its website, "We have received a proposal from certain shareholders requesting fundraising for Bitcoin reserves." The voting rights held by these shareholders amount to 33.3% of the total shares.
According to the proposal, they are seeking fundraising of ¥799 billion (about $5.6 billion) for up to 50,000 BTC. The main method proposed is to issue new shares through Moving Strike Warrants (MSW) and use the proceeds to raise the funds.
Some see this move as influenced by the soaring stock price of Metaplanet, a leading Bitcoin reserve company in Japan. The cryptocurrency influencer Bitcoin Historian (Bitcoin Historian) commented on X (formerly Twitter), "They are conscious of Metaplanet's Bitcoin reserve strategy. The real purchase competition has begun."
Meanwhile, Metaplanet announced today an additional purchase of 1,112 BTC, with its stock price having soared by more than 25%.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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