Metaplanet Jump 16% On $1.4B Fundraising For Bitcoin Treasury Expansion As KindlyMD Joins
Shares of Japan-based Bitcoin treasury firm Metaplanet surged over 16% after the company announced a $1.4 billion share offering to expand its Bitcoin holdings, with KindlyMD among those joining as an early investor. Metaplanet said in a Sept. 10 announcement that it will offer 385 million shares to international buyers at JPY 553 ($3.75) each on Sept. 16. That’s an upsizing from its initial plan to raise 180 million new shares. Metaplanet share price (Source: Google Finance) The surge reversed a long downtrend after the company’s stock fell more 26% in the past month, according to Google Finance . KindlyMD Commits $30M To Metaplanet’s New Offering David Bailey’s Nakamoto, a subsidiary of Bitcoin treasury company KindlyMD, has already said that it has committed up to $30 million to take part in Metaplanet’s global equity offering. That will be Nakamoto’s largest investment to date and its first in a publicly-listed Asian company with ...