Metaplanet Introduces Innovative Strike Warrants to Buy More BTC

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Metaplanet has launched a new funding mechanism that could raise $234 million for additional Bitcoin purchases.

The company issued 100 million “Moving Strike Warrants” featuring a unique Market Net Asset Value (mNAV) clause. These warrants can only be exercised if the company’s stock trades above 1.01x mNAV, ensuring that new share issuance adds value for shareholders rather than diluting it.

With its mNAV currently around 1.11x, the structure could provide a major boost to Metaplanet’s BTC accumulation strategy.

[nihalsari]

hmmm, interesting how it willl go