Metaplanet Plans Bitcoin Purchase While Stock Trades Down 50%

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Since mid-June, Metaplanet’s stock has dropped 50%. In order to increase its holdings of Bitcoin, the company intends to raise $884 million through share sales and will vote today on issuing 555 million preferred shares.

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A crypto and finance journalist with over three years of experience turning complex market trends into stories that anyone can understand. With a strong background in covering business, finance, and digital assets, Nausheen has contributed to global media outlets including Reuters and CoinGape. Passionate about the fast-moving world of blockchain and emerging tech, she blends sharp analysis with clear storytelling, making insights valuable for both new readers and seasoned investors.