Metaplanet Secures Shareholder Approval for $884M Capital Plan

TLDR Metaplanet shareholders approved an $884 million capital raising plan to address its financing challenges. The company will issue up to 550 million new shares and preferred stock to raise funds. Metaplanet’s stock has dropped by 54% since mid-June, affecting its financing mechanisms. The firm recently acquired 1,009 BTC for $112.2 million, bringing its total [...]

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