Metaplanet OKs $884M Raise, Eyes $3.8B Preferred While its Bitcoin ‘Flywheel’ Stalls

Metaplanet has secured approval to raise $884M to expand Bitcoin holdings and has lifted its stash to 20,000 BTC, while a compressed premium has slowed its “flywheel.” The firm has paused Evo Fund warrants and has proposed preferred shares to reduce dilution risk.