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The Metaplanet Board (3350) approved a capital injection of up to $ 5 billion for its subsidiary Metaplanet Treasury Corp in an effort to speed up bitcoin
Acquisition strategy.
The Japanese hotel company has established its subsidiary in Florida 1 May, which aims to expand its global bitcoin treasury operations.
The contribution is expected to significantly speed up the implementation of its “555 million” plan. published earlier June 6. said in a statement.
The strategic goal of the metaplanet is to accumulate up to 210,000 BTC by the end of 2027, use deep capital markets and advanced institutional infrastructure in the US to optimize the acquisition and management processes.
This American expansion is in accordance with the wider vision of the company and the creation of a worldwide integrated state treasury, which supports the value of shareholders, increases the effectiveness of the revenue of the treasury and strengthens its leadership to Bitcoin’s capital markets.
The financing of this contribution comes from the performance of 20 to 22. A number of rights to the acquisitions of shares and all revenues will focus on further Bitcoin purchases. Importantly, there is no change in the previously published intended use of funds.
The financial impact on the current results of the fiscal year of the company is expected to be minimal, but the metaplanet has committed itself to detect any significant development immediately.
Shares of the Tokyo List metaplane, the eighth largest Bitcoin holder with 1111 BTC, closed 7% lower on Tuesday.
Read more: Metaplanet buys 1,111 bitcoins for $ 117 million, shifts total shares to more than 11k BTC
