TechFlow news, January 14 — According to CoinDesk, Japanese Bitcoin treasury firm MetaPlanet's stock price is nearing the trigger point for restarting its share issuance program, just about 5% away from the target.
On Wednesday, MetaPlanet’s share price rose 15% to 605 yen, approaching the trigger level of 637 yen. Once this level is reached, the company will activate its Series 23 mobile warrant plan, allowing it to issue up to 105 million new shares, with proceeds likely used to purchase additional bitcoin. If the share price continues rising to 777 yen, the Series 24 warrant will be activated, enabling another 105 million shares to be issued.
MetaPlanet currently holds 35,102 bitcoins, making it the fourth-largest publicly listed corporate holder of bitcoin globally. Since its December lows, the company’s share price has surged 90%, and its enterprise value-to-bitcoin-held ratio has climbed to 1.36, the highest since October.
