Svmuu News Metaplanet CEO Simon Gerovich posted on platform X stating that the company has issued 100 million moving strike warrants with mNAV terms. According to the design, the warrants can only be exercised when the company's stock price exceeds 1.01 times the mNAV, ensuring that each issuance of new shares enhances shareholder value.
Simon Gerovich stated that this mechanism is expected to raise approximately $234 million in additional funds for the company to purchase Bitcoin, and the warrants will only be exercised if it has a positive effect on the BTC holdings per share.
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Metaplanet CEO: Metaplanet May Raise $234 Million to Purchase BTC, Has Issued 100 Million Warrants with mNAV Terms
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