TechFlow news, August 31 — According to Bloomberg, shares of Japanese Bitcoin treasury firm Metaplanet have dropped over 50% since mid-June, signaling challenges in its Bitcoin-dependent "flywheel" financing strategy. The company plans to raise $884 million through overseas share sales and will vote at its September 1 shareholder meeting on issuing up to 555 million preferred shares, expected to raise $3.8 billion to expand its Bitcoin holdings. Metaplanet aims to increase its holdings to 100,000 BTC by the end of 2026.
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