Metaplanet, The Blockchain Group raised $515 million and $4.8 million respectively to increase their BTC holdings

Gate News bot message, according to CoinDesk, Metaplanet Inc (3350) and The Blockchain Group (ALTBG) have both conducted large-scale equity financing as part of their initiatives to accumulate BTC for financial purposes.

Metaplanet announced that it will exercise the 20th round of stock subscription rights under the recently announced '5.55 billion plan', with a single-day financing of 74.9 billion yen (approximately 515 million US dollars). On Wednesday, the company exercised 540,000 stock subscription rights, issuing 54 million new shares, accounting for 29% of the total subscription rights issued.

This issuance is the first large-scale capital injection under the plan, accounting for 10% of the total target. Metaplanet's stock price once plummeted by 15%, then rebounded strongly, closing up by 4%. CEO Simon Gerovich emphasized this strategic milestone in a post on X platform, highlighting the good start of the plan.

In addition, The Blockchain Group (ALTBG) announced an increase of 4.1 million euros (approximately 4.8 million US dollars) through a market-oriented stock issuance agreement signed with TOBAM.

The company listed on the growth sector of the Pan-European Exchange in Paris has an average stock issuance price of 5.085 euros per share. This capital increase is in line with the company's strategy to increase the number of BTC per share after full dilution. The Blockchain Group currently holds 1,653 BTC, making it the first company in Europe to adopt this strategy.

The Blockchain Group (ALTBG) stock price fell by 3.7% recently to 4.785 euros.

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