Metaplanet offers a 10% discount on new shares, with the stock price having dropped 70% from its peak.

The Japanese Bitcoin reserve strategy company Metaplanet announced a discounted issuance of new shares at a price of 553 yen, raising approximately 1.4 billion dollars to purchase Bitcoin. However, the discount rate was nearly 10%, resulting in a big dump in stock prices at today's opening, with the price reported at 587 yen before the deadline, down nearly 70% from this year's June high of 1,920 yen.

Metaplanet issues new shares at a 10% discount, raising $1.4 billion.

Metaplanet announced the completion of international financing, raising approximately 1.4 billion dollars, with plans to use 1.3 billion dollars to purchase Bitcoin.

issuance reference price (9/9): JPY 614

Discount: 9.93%

Issuance price: JPY 553

Issuance shares: 385,000,000 shares

Total fundraising amount: 205 billion yen, approximately 1.4 billion USD

Nakamoto from the United States also participated in a $30 million investment.

The U.S. Bitcoin reserve company KindlyMD (stock code NAKA) announced that its subsidiary Nakamoto has invested $30 million in the common stock international equity financing of Metaplanet. This transaction is Nakamoto's largest single investment to date and marks its first investment in an Asian listed company adopting a Bitcoin fund management strategy.

Nakamoto is a Bitcoin asset management company that announced a minority equity investment in the Bitcoin reserve company Treasury B.V. located in the Netherlands at the beginning of the month. Now it has further invested in Metaplanet, indicating that its goal is to compound its Bitcoin balance sheet through investing in Bitcoin reserve companies and to establish partnerships with Bitcoin-related businesses in the global market.

Metaplanet's stock price continues to fall, down seventy percent from its peak.

Metaplanet's stock price opened today with a big dump, reporting at 587 yen before the deadline, down nearly 70% from its high of 1,920 yen in June of this year.

The mNAV ( current stock price and its value of the Bitcoin it holds has significantly dropped from 12 times to 1.78 times.

Recently, most digital asset financial companies (DAT) are facing valuation adjustments. Ethereum reserve company SharpLink has even initiated a stock buyback plan to purchase its own SBET stocks, hoping to boost stock prices and investors' confidence.

( SharpLink repurchase new flywheel activated, mNAV still below 1, official guarantee SBET lower limit? )

This article Metaplanet offers a 10% discount on new stock issuance, and the stock price has fallen by 70% from its peak. First appeared in Chain News ABMedia.