Metaplanet temporarily suspends exercise of subscription warrants… "Readjustment to expand Bitcoin purchases"

Minseung Kang

Summary

Metaplanet said, in accordance with its strategy to expand Bitcoin holdings, it has temporarily suspended some subscription warrant exercises.
The company said the decision was made to optimize its capital-raising strategy and maximize the efficiency of Bitcoin asset management.
The resumption timing for the exercise of the subscription warrants will be announced later.

Metaplanet, regarded as Japan's strategy, has temporarily suspended the exercise of some subscription warrants in line with its plan to expand its Bitcoin (BTC) holdings.

On the 10th, Simon Gerovich, CEO of Metaplanet, said on X (formerly Twitter), "Metaplanet has strengthened its growth foundation and secured the capability to utilize various financial instruments," and "In the process of optimizing the capital-raising strategy to expand Bitcoin holdings and maximize returns, we are temporarily suspending the exercise of the 20th–22nd subscription warrants." He added, "This decision is a strategic measure to maximize the long-term efficiency of Bitcoin asset management."

Earlier, Metaplanet announced via its official channels a 'Notice regarding the designation of suspension of exercise of the 20th–22nd subscription warrants through third-party allotment.' The company said the specific resumption timing will be announced later.

BTC