Metaplanet Inc (3350) And the blockchain group (Altbg) The two have executed substantial capital increases in the context of their initiatives to focus on the accumulation of bitcoin for cash purposes.
Metaplanet announced the exercise of its 20th series of rights to acquire actions under the recently announced plan by 555 million, increasing 74.9 billion yen, ($ 515 million) in one day. He issued 54 million new shares on Wednesday following the exercise of 540,000 share acquisition rights, which represents 29% of the total rights issued.
The problem is the first major capital injection within the framework of the plan and represents 10% of the entire objective. Metaplanet’s shares fell up to 15% before rallying strongly to close 4%. The CEO, Simon Gerovich, underlined the strategic milestone with an article on X, highlighting the strong start of the program.
The blockchain group (Altbg)For his part, announced a 4.1 million euro ($ 4.8 million) capital Increase by an agreement to emission type actions at the market with Tobam.
The actions of Euronext Growth Paris were issued at an average price of 5.085 euros each. The capital increases is aligned with the company’s strategy to increase the number of Bitcoin per share on an entirely diluted basis. The Blockchain group currently contains 1,653 BTC and is the first of its kind in Europe to pursue such a model.
The Blockchain group’s shares were recently less than 3.7% at 4.785 euros.
