TechFlow News, March 16: According to Simon Gerovich, CEO of Metaplanet, the company has issued 100 million Moving Strike Warrants, expected to raise approximately $234 million in additional funds, exclusively earmarked for purchasing BTC.
These warrants introduce, for the first time, an mNAV (market-to-net-asset-value ratio) clause, stipulating that warrants may only be exercised when the stock price exceeds 1.01 times the mNAV—ensuring that each new share issuance enhances shareholder value and that fundraising is triggered only when it positively contributes to BTC holdings per share.
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