The company's board of directors has decided to allocate up to $5 billion to its American subsidiary Metaplanet Treasury Corp in Florida exclusively for the purchase of cryptocurrency. The funds will not be used to cover current expenses, pay salaries, or finance R&D. Earlier, Metaplanet announced the purchase of another 1,111 #BTC - now the total reserve has reached 11,111 coins, which exceeds the Coinbase reserve.
The company's management emphasizes that transactions through the American structure will be faster and easier, since the United States is the world's leading financial hub, where favorable conditions have been created for such transactions. Financing of the transactions is planned through the issue of warrants for the purchase of 20-22 million shares, which will allow regular capital attraction as the value of the securities grows. The strategy to increase 210,000 #BTC turns Metaplanet into one of the most ambitious corporate holders of the first cryptocurrency. 0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
