PANews June 24 news, according to the official announcement, Japanese listed company Metaplanet Inc. announced that its board of directors has decided to approve a capital contribution of up to 5 billion US dollars to its wholly-owned US subsidiary - Metaplanet Treasury Corp located in Florida. As stated in the announcement titled 'Establishment of a Wholly-Owned US Subsidiary' released on May 1, the company has established Metaplanet Treasury Corporation to strengthen its global Bitcoin treasury operations and enhance its execution capabilities in international markets. The funds for this capital contribution are expected to be raised through the exercise of stock purchase rights from Series 20 to 22. All contributions will be used solely for the additional purchase of Bitcoin. The use of funds remains unchanged from the previously disclosed plan.
